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CCJ Top 250
Business: Page 47
Mergers & Acquisitions
National Truck Underwriting Managers acquired by specialty insurance distributor
NTUM focuses on accounts of up to 300 power units. Also: Xos clears hurdle on its way to the NASDAQ; Texas-based frac sand hauler Detmar Logistics reserves 300 Hyliion Hypertruck ERX Class 8 semi-trucks.
August 3, 2021
Companies
President Biden touts Buy American reform during Mack Trucks plant tour
The Buy American statute currently requires for just 55% of the value of their component parts were manufactured stateside. President Biden wants to phase-in an increase to 75%. Also: HOS waivers extended out West; I-40 bridge reopening next week.
July 29, 2021
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February 19, 2025
Business
Trimac Transportation acquires 3PL business
This is a key M&A milestone for Trimac, as the company branches out beyond its Bulk Plus Logistics brokerage division and asset-based bulk and specialized transportation businesses.
July 28, 2021
Economic trends
Masks are back and more freight could be coming
Citing concern with COVID breakthrough cases, the CDC recommended indoor mask-wearing Tuesday regardless of vaccination status. Trucking experts say volumes should remain 'strong' amid surging cases and may even grow stronger.
July 28, 2021
Business
Minneapolis leaders ban truck parking with fines beginning in 2022
Beginning in 2022, commercial trucks will not be allowed to “stop, stand or park on any street” in the city, with few exceptions. Also: 3PLs Worldwide Express and GlobalTranz Enterprises plan to merge.
July 28, 2021
Outlook and Benchmarking
Surge in COVID prompts Walmart to close stores for deep-cleaning
With COVID cases rising, Walmart is shutting down some stores for deep-cleaning. This is not necessarily an indicator of pending "major economic damage" according to ACT Research.
July 26, 2021
Mergers & Acquisitions
Uber Freight to acquire 3PL Transplace for $2.25B
The companies said the buyout will give carriers the ability to work directly with shippers and access high-quality freight across multiple service lines, including intermodal, cross-border and LTL.
July 22, 2021
Mergers & Acquisitions
Paschall Truck Lines parent acquires Missouri carrier
TDC will retain its name and current management team, and will operate autonomously under the IPS umbrella.
July 22, 2021
Workforce
Paper Transport gets cash infusion from investment firm
Sam Zell, named one of Forbes' 100 Greatest Living Business Minds, took a stake in Paper Transport. Also: NexGen trucking association partners with schools to provide CDL, diesel tech programs for young adults in three states. Benore launches EV fleet.
July 21, 2021
Workforce
XPO workers ratify first Teamsters contract in Miami
Following a 6.5-year battle, the Teamsters union scored its first victory with XPO Logistics workers. Also: TuSimple partners with long-range lidar developer; Van, reefer spot rates tick up, DAT reports; Women in Trucking seeks award nominees.
July 15, 2021
Economic trends
Trucking's 'driver shortage' claims miss a key point
Trucking leaders have consistently identified a driver shortage as the number one problem plaguing the industry, but a recent panel discussion of efforts might just turn that on its head.
July 14, 2021
Business
XPO board approves spin-off of logistics segment
XPO's logistics segment, GXO Logistics, will be spun off as an independent company. Also: Spot volumes, rates down as expected during July 4 week.
July 14, 2021
Business
The new reality of customer service
A good customer experience is based on speed, convenience, consistency, friendliness, transparency and the human touch.
July 12, 2021
Workforce
Buttigieg, Joshi meet with trucking groups to address workforce challenges
Members of the Biden administration met with trucking industry stakeholders to address driver recruiting and retention challenges. Also: Unscheduled roadside maintenance on the rise; XPO expands benefits for driver trainees.
July 9, 2021
Regulations
New Texas law deals blow to Reptile Theory
The law strikes a blow against plaintiff’s attorneys who have used the Reptile Theory to go after trucking companies for large verdicts during a trial, regardless of whether the trucking company was at fault for the accident.
July 8, 2021
Regulations
Hours regs suspended in parts of Florida, Georgia for Tropical Storm Elsa
Carriers providing emergency assistance in certain counties in Florida and Georgia will be temporarily exempt from hours of service regulations. Also: Three European OEMs partner to develop EV infrastructure; fuel prices surge; more.
July 8, 2021
Mergers & Acquisitions
Knight-Swift acquisition of AAA Cooper part of 'an ongoing evolution' of industry's largest players
Knight-Swift lured to the LTL segment by less volatility and its strategic importance to e-commerce.
July 7, 2021
Business
States with the most structurally deficient bridges
The U.S. has more than 45,000 structurally deficient bridges in "poor" quality, according to the American Road & Transportation Builders Association, and these states are the worst offenders.
July 6, 2021
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Trimac acquires Service Transport Company
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