Wild video captured in Midland, Texas, on Thursday shows the moment that a heavy equipment operator came to the rescue of a stuck trucker. On the morning of March 20, a lowboy trailer became stuck at the railroad crossing at Garfield and Business 20 in Midland. In video captured at the scene, you can see ...more
The owner of a trucking company was sentenced to nearly four years in prison for lying to federal authorities about safety violations. Rochester, New York resident Tony Kirik (a.k.a. Anatoliy Kirik), 43, was sentenced to 45 months in prison, according to a March 20 statement from the U.S. Attorney’s Office for the Western District of ...more
Trailer Orders Drop 14% Year Over Year in February
Utility Trailer Manufacturing Co. U.S. trailer orders continued to trend below the previous year in February after a short-lived but strong uptick the previous month, ACT Research reported. Preliminary net data showed orders decreased 14% year over year to 18,000 units. That also marked a 17% decline from January. Seasonally adjusted results at this point ...more
QXO to Acquire Beacon Roofing Supply in $11 Billion Deal
(photovs/Getty Images) QXO Inc. has agreed to acquire Beacon Roofing Supply Inc. in a deal that values the distributor of roofing, waterproofing and exterior products at about $11 billion, including debt. The agreement ends months of back-and-forth between the companies and avoids a full-blown hostile takeover battle. QXO will pay $124.35 per share in cash ...more
Congress to Review DOT Nominees, Trump’s Budget Plan
Thune signaled the potential for high-profile DOT nominees to appear before the transportation panels as early as this month. (Allison Robbert/Bloomberg News) Members of Congress return to Washington the week of March 24 to consider senior officials for Department of Transportation agencies and President Donald Trump’s budget and tax plan. Senate Majority Leader John Thune ...more
Cargo Numbers Increase in February at Port of Los Angeles
A sea lion gang gathered on the bow of a ship to watch the workforce in action at the Port of Los Angeles. (Port of Los Angeles) Cargo numbers continued to push higher at the Port of Los Angeles in February — but it came with some caution that the pace could slow by midyear. ...more
Canada Set for Snap Election With Trade War Rattling Economy
Mark Carney by Andrej Ivanov/AFP/Getty Images via Bloomberg Canadian Prime Minister Mark Carney is set to call a national election within days, seeking his own mandate from voters at a time when the country’s businesses have been shaken by a trade war with the U.S. Carney, the former governor of two central banks, was sworn ...more
AI Helps Moving Companies Boost Efficiency, Cut Costs
“You don’t want to be sharing intellectual property with the world. It’s not a good business practice,” Grove said. (American Trucking Associations) Artificial intelligence programs can help moving companies improve their bottom line, but management teams must decide what information their company can afford to share before engaging with the technology, industry experts said. There ...more
Tesla Recalls Cybertrucks After Steel Trim Pieces Come Loose
Tesla says it will foot the bill for replacing the panels with ones that meet its durability requirements. (David Paul Morris/Bloomberg) Tesla Inc. recalled all the Cybertrucks it produced and sold in the first 15 months it has been on the U.S. market over a safety issue it’s having trouble resolving. The carmaker estimates that ...more
EU Delays 50% Tariffs on US Whiskey, Allowing for More Talks
Bottles of Knob Creek bourbon whiskey on a conveyor belt in Clermont, Ky. (Luke Sharrett/Bloomberg) The European Union is delaying its proposed 50% tariff on American whiskey until mid-April, aligning them with broader countermeasures against U.S. steel and aluminum duties. The shift in the timing of the levy, originally set to take effect April 1, ...more