RXO and Michigan officials celebrate the logistics company's arrival in Ann Arbor, Mich. RXO will be adding about 140 jobs. (RXO via Twitter) Michigan state officials are enthusiastic about 140 new jobs and a $2.35 million expansion in Ann Arbor by RXO Corporate Solutions to increase its brokerage presence. “RXO’s expansion in Ann Arbor will ...more
UPS workers and Teamsters members during a rally in April. (Paul Frangipane/Bloomberg News) UPS Inc.’s unionized workers voted in favor of giving Teamsters leaders the option to call a strike as the two sides continue talks to renew a five-year labor contract. Of the union members that voted, 97% supported the strike authorization, the Teamsters ...more
Employees on the Schneider brokerage floor. The review of the definitions of "broker" and "bona fide agents" was mandated in the Infrastructure Investment and Jobs Act. (Schneider) The Federal Motor Carrier Safety Administration has issued final regulatory guidance on its definitions of ‘‘broker’’ and ‘‘bona fide agents,” including guidance on the role and activities of ...more
Employees on the Schneider brokerage floor. The review of the definitions of "broker" and "bona fide agents" was mandated in the Infrastructure Investment and Jobs Act. (Schneider) The Federal Motor Carrier Safety Administration has issued final regulatory guidance on its definitions of ‘‘broker’’ and ‘‘bona fide agents,” including guidance on the role and activities of ...more
A Stoughton employee works on a front corner panel (Stoughton Trailers) U.S. trailer orders more than halved in May compared with a year ago to an estimated 9,100 units, according to data released by ACT Research. Preliminary data show orders decreased 54% year-over-year from 19,783, ACT reported. Orders also fell about 10% sequentially compared with ...more
A BNSF locomotive heads south out of Oklahoma City. (Sue Ogrocki/Associated Press) SACRAMENTO, Calif. — The railroad industry on June 16 sued to block new environmental rules in California, arguing they would force the premature retirement of about 25,000 diesel-powered locomotives across the country long before their zero-emission counterparts are ready to take their place. ...more
Nikola Corp. shares surged this week in a rally that’s eating into paper profits for traders betting against the electric vehicle maker and setting them up for a short squeeze. Short sellers lost more than $80 million in paper profits this week, according to data from S3 Partners LLC. Traders betting against Nikola are now ...more
(BloombergNEF) Electrification of longhaul trucking in the U.S., and globally, will require power-grid operators and regulators to change their planning processes and mindset so transmission connections are appropriate for the mass charging of battery-electric trucks, according to a study by analysts at research group BloombergNEF. Such flexibility would be part of the total cost of ...more
A wide-scale ransomware attack that occurred earlier this month threatens state drivers licensing agencies in Louisiana and Oregon, leaving the data of millions of license holders compromised. On June 15, state officials confirmed that they were affected by a data breach inflicted by a global hack on a popular file sharing tool called MOVEit Transfer. ...more
UPDATE 3 PM June 16—————————————————————- The truck driver who was shot while driving on a Lathrop, California, interstate has been identified as Ilkhom Shodiev.Unfortunately, Amazon has confirmed that Shodiev passed away in a hospital as a result of injuries sustained when he was shot on Thursday. The shooter is still at large as of Friday ...more
