A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics. (Ascent Global Logistics) A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22. H.I.G., which has $58 billion of capital under management, is buying Belleville, ...more
Werner first appealed the jury verdict in October 2018 to the Texas Fourteenth Court of Appeals in Houston. That appeal ultimately was denied in a 5-4 decision after languishing in the legal system for several years. (Werner Enterprises) Werner Enterprises Inc. has filed an appeal with the Texas Supreme Court of a $100 million jury ...more
Advance Auto Parts stock has plunged 54% this year through the Aug. 22 close. (David Paul Morris/Bloomberg) Advance Auto Parts Inc. named a new CEO and started a strategic review of the business as it struggles to keep up with inflation. Shane O’Kelly, the head of Home Depot Inc.’s HD Supply unit, will become CEO ...more
In this handout photo released by the Suez Canal Authority on August 23, the Burri and a tugboat are shown in the waterway after a collision with another large transport vessel. (Suez Canal Authority via AP) CAIRO — Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, briefly disrupting traffic ...more
FMCSA Administrator Robin Hutcheson cited Tennessee and Florida as states where the federal government has invested funds in truck parking projects. (John Sommers II for Transport Topics) COLUMBUS, Ohio — The Biden administration continues to prioritize efforts to expand access to parking for the nation’s truck drivers, the head of the Federal Motor Carrier Safety ...more
NTDC 2023 Bendix grand champion Gragg Wilson of UPS could kick back with wife Denise after taking the top honor of the eveing Aug. 19 in Columbus, Ohio. (John Sommers II for Transport Topics) During the first three days of competition at American Trucking Associations’ “Super Bowl of Safety,” several elite drivers found themselves in ...more
A Mullen Three Class 3 EV comes off the assembly line in Tunica, Miss. (Mullen Automotive) Mullen Automotive says its first Mullen Three, a Class 3 commercial electric truck, has rolled off the assembly line at the company’s assembly in Tunica, Miss. The Brea, Calif.-based EV automaker says the first customer deliveries are scheduled for ...more
President Joe Biden speaks as he meets with community members impacted by the Maui wildfires at the Lahaina Civic Center on Aug. 21 in Lahaina. (Associated Press/Evan Vucci) President Joe Biden’s visit Aug. 21 to fire-stricken Maui was bolstered by a $3 million Federal Highway Administration emergency grant and broad tax relief for people and ...more
Kroger photo via luna715/Flickr; Albertsons photo by Bridget Bennett/Bloomberg News The proposed merger of food retail giants Kroger and Albertsons has elicited criticism from seven secretaries of state. In a letter sent to the chair of the Federal Trade Commission, Lina Khan, the state officials from New Mexico, Colorado, Rhode Island, Arizona, Maine, Vermont and ...more
XPO tank truck driver Ina Daly of Arizona is flanked by R.B. Stewart Petroleum Products executive Terry Tesch (left) and NTDC Chairman Rodney Myers as she receives the Neill Darmstadter Professional Excellence Award. (John Sommers II for Transport Topics) COLUMBUS, Ohio — In her 40-plus years as a professional truck driver, XPO’s Ina Daly has ...more
