Under the strategic partnership announced earlier this year between Cummins and Daimler Truck AG, Cummins will invest in the further development of the medium-duty engine platform and its global production and delivery starting in the second half of the decade for Daimler Trucks & Buses, the companies announced Thursday, As a result, Daimler Truck AG will no longer […]
PS Holdco, the parent company of Birmingham, Alabama-based flatbedder PS Logistics, has purchased all substantial transportation assets of Patriot Transit and Patriot Logistics, a privately owned interstate trucking and logistics provider that specializes in flatbed shipping to the Gulf Coast and Southwest. Founded by David Spencer and Rex Ready and based in Houston, Texas, Patriot […]
Amwins, the largest independent wholesale distributor of specialty insurance products in the U.S., has acquired National Truck Underwriting Managers, Inc. (“NTUM”), a truck insurance wholesaler offering access to primary liability, physical damage and motor truck cargo package policies. “This partnership provides us with the opportunity to enhance and diversify our delegated underwriting capabilities and transportation offerings,” said Scott M. […]
President Joe Biden, on a tour of Mack Truck’s Lehigh Valley Operations (LVO) truck plant Wednesday, revealed proposed changes to the Buy American Act that would increase U.S. content in the products the federal government buys, thereby supporting the domestic production of goods. Mack Trucks President Martin Weissburg noted that this week marks the 121st […]
Growing concerns over COVID-19 infection rates may spell trouble for some businesses while providing opportunities for others, particularly trucking, as the Center for Disease Control and Prevention announced a guidance change on Tuesday calling for mask-wearing indoors regardless of vaccination status in COVID hot spots. In a phone conference with reporters this afternoon, CDC Director […]
The Minneapolis City Council voted Friday, July 23, to enact a ban on truck parking within the city limits. The ordinance passed by a 12-1 vote. Beginning Jan. 1, 2022, any vehicle weighing more than 26,000 pounds or with a registered gross weight over 26,000 pounds will not be allowed to “stop, stand or park […]
In response to growing COVID cases in some states, Walmart has begun temporarily shutting down stores for intensive cleaning. A leading industry analyst advised, however, that it’s too early to tell if the closures hint at additional major economic stress relative to the mutating disease that has now infected millions. Walmart stores in Jacksonville and […]
Interstate Personnel Services (IPS) has acquired Joplin, Missouri-based dry van truckload carrier Transport Distribution Company (TDC) and a related entity for an undisclosed amount. TDC, founded by Larry Kloeppel, has been operating since 1985. “TDC’s regional coverage, focus on safety, providing high level service, disciplined management style and family culture are exactly what we are looking […]
Sam Zell’s private investment firm Equity Group Investments (EGI) recently invested in Paper Transport (CCJ Top 250, No. 112). EGI is partnering with Paper Transport’s senior management team, who will continue to lead the business and retain an ownership stake in the company. The partnership provides additional capital for add-on acquisitions and strategic support for the organization’s growing […]
