Singapore Post Acquires TradeGlobal, Expands e-Commerce Services
Singapore Post has agreed to acquire TradeGlobal Holdings, a company based in Cincinnati that provides e-commerce and logistics services, from the investment firm Bregal Sagemount for $168.6 million.
October 21, 2015European Regulators Won’t Block FedEx-TNT Linkup
FedEx Corp. and TNT Express N.V. announced that European regulators won’t object to the companies’ $4.9 billion acquisition plan, a decision that removes a barrier to their deal.
October 21, 2015Investment Firms Acquire Great Western Leasing and Sales
Two private equity investment firms, Headhaul Capital Partners and Argosy Investment Partners, have acquired Great Western Leasing and Sales Inc. and will work with the company’s management to grow the business.
October 21, 2015Rush Enterprises 3Q Income Down 15% on Energy Sector Woes
Rush Enterprises Inc., a multistate network of truck dealerships and related services, reported third-quarter net income fell 15% year-over year as sharp declines in the energy sector cut into sales of related Class 8 trucks and aftermarket services.
October 21, 2015GM Profit Beats Expectations on Strong Truck Sales
General Motors Co. reported third-quarter profit that beat analysts’ estimates as strong light-truck sales in the United States and stable operations in China produced a record $3.1 billion in adjusted earnings before interest and taxes.
October 21, 2015Railcar Orders' Biggest Drop Since 1980s Hints at Slump in Industrial Production
North American railcar orders plummeted the most in at least 27 years as railroads shipped less oil and sand used for drilling, adding to concern over a U.S. industrial production slowdown.
October 21, 2015UPS’ Thomas Takes Reins From Long as ATA Chairman, Calls on Congress to Pass Highway Bill
PHILADELPHIA — For his first act as the new chairman of American Trucking Associations, Pat Thomas urged Congress to pass a multiyear highway bill that would address the industry’s safety and infrastructure funding concerns.
October 20, 2015Exclusive: Graves to Depart as ATA President at End of 2016
PHILADELPHIA — Bill Graves, president of American Trucking Associations, has informed the federation that he will step down at the end of 2016, when his current contract expires.
October 20, 2015ATA Board Urges OEMs to Add Automatic Emergency Braking Systems
PHILADELPHIA — As American Trucking Associations wrapped up its annual Management Conference & Exhibition here Oct. 20, the board of directors urged the nation’s truck and car manufacturers to equip all new vehicles with automatic emergency braking systems.
October 20, 2015Newhouse: Poll Finds Favorable View of Trucking Industry
PHILADELPHIA — A majority of Americans have a favorable view of the trucking industry and say that, in car-truck accidents, the motorist is at fault most of the time.
October 20, 2015