Wabtec to Buy Wheel Sensor Maker in $790 Million Deal
(Wabtech Corp.) Fresh off its $1.78 billion acquisition of an inspection technology firm, Wabtec Corp. said July 7 that it is buying Austrian wheel sensor maker Frauscher Sensor Technology Group GmbH. The all-cash deal is valued at $790 million. Wabtec, which makes locomotives and technology for freight and transit rail ...more
Container Lines Begin Canceling US-China Shipping Routes
A tugboat assists a containership at the Port of Long Beach. (Tim Rue/Bloomberg) Container liners are starting to sever shipping ...more
China Agrees to Trade Talks With US
A man passes by China's central bank, also known as People's Bank of China, in Beijing. (Ng Han Guan/ File/AP) ...more
Trump Holds Firm on Tariffs Before China Negotiations
Trump’s stance underlines the massive divide between the U.S. and China on trade and the difficult path they face to ...more
Fed Holds Rates Steady as Inflation, Job Risks Rise
Companies scrambled in the first quarter to import merchandise ahead of the tariffs, and a surge in consumer spending in ...more
USPS Eyes FedEx’s David Steiner for Postmaster General Role
(Valerie Plesch/Bloomberg) The U.S. Postal Service is zeroing in on FedEx Corp. board member David Steiner to be the country’s ...more
Demand Surges for Renewable Natural Gas, RNG-Powered Trucks
A Freightliner fifth-generation Cascadia equipped with a Cummins X15N engine on display at ACT Expo. (Keiron Greenhalgh/Transport Topics) Freightliner has ...more
March Medium-Duty Truck Sales Dip 0.1% Year Over Year
Sales inched down 0.1% to 19,942 units from 19,961 a year ago. (Daimler Truck) The ...more
Policymakers in Congress Introduce Cargo Theft Bill
A shipping container with a hanging, open lock. The bipartisan and bicameral Combating Organized Retail ...more
Diesel Price Drops 6¢ to $3.579 a Gallon
Diesel's previous price drop was 5.3 cents a gallon on the week of March 10. ...more
Canada Exempts Tariffs on Automakers That Stay in Country
BrightDrop electric vans at the General Motors CAMI Assembly Plant in Ingersoll, Ontario. (Brett Gundlock/Bloomberg) ...more
Caterpillar Appoints Joe Creed as CEO Starting May 1
Caterpillar Chairman and CEO Jim Umpleby (left) will become Executive Chairman of the Board effective ...more
Global Oil Surplus to Persist in 2026, IEA Says
A Petroleos de Venezuela pump jack on Lake Maracaibo in Cabimas, Venezuela. (Gaby Oraa/Bloomberg) The ...more
Trump’s China Ship Fees Set to Hit Global Shipping Giants
A fully loaded Cosco containership enters the Port of Long Beach in California. (Tim Rue/Bloomberg ...more
Lowe’s Homes In on Professional Customers in $1.3 Billion Deal
A Lowe's store in the Brooklyn borough of New York. (Yuki Iwamura/Bloomberg News) Lowe’s Cos. ...more
New legislation introduced on Tuesday aims to crack down on staged accidents that target trucking ...more
Road closed for semi crash off overpass
A road in Connecticut is shut down as crews work to clear a semi truck’s ...more
A truck driver has been sentenced to 15 years in prison after crashing while adjusting ...more
Renault Empowers CEO de Meo as Nissan Talks Drag On
Renault SA’s board named CEO Luca de Meo as a director and reappointed Chairman Jean-Dominique ...more
ATA Urges Duffy to Focus on Training, Language, ‘Cabotage’
In the letter, Spear told Duffy that ATA believes “enhanced enforcement and resource prioritization can ...more
TC Energy Delays Full Keystone Pipeline Restart to Year-End
TC Energy Corp. pushed back the full return of its Keystone oil pipeline by a ...more
Sheetz Inc. announced plans to hire truck drivers at a hiring event in the Northern ...more
Amazon Builds Last-Mile Shipping Facility in Montana
Amazon.com Inc. is creating its first big foothold in Montana with a last-mile shipping delivery ...more