Torc Invests $5.6M to Create Engineering Hub in Michigan
Torc expects the new facility to create 500 jobs in Ann Arbor Township. (Torc Robotics) LANSING, Mich. — Torc Robotics plans to invest nearly $5.6 million to create an engineering hub in Ann Arbor Township. The Michigan Strategic Fund awarded Torc a $3 million grant during its June 24 board ...more
Stakeholders Dissect Truck Parking Challenges
ATRI has been working to identify strategies for increasing public sector rest stop parking. (Ohio Department of Transportation) Freight stakeholders ...more
ATA, Freight Leaders Press Congress on Excise Tax Repeal
The World War I-era federal excise tax is 12% on new commercial trucks. (Kenworth) When they return to Washington from ...more
Yellow’s Shutdown Opens Up LTL Market for Competitors
Yellow's freight volumes have already started shifting to competitors, with assets expected to follow. (David Paul Morris/Bloomberg News) The Yellow ...more
Private Equity Firm H.I.G. Buys 3PL Ascent Global Logistics
A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics. (Ascent Global Logistics) A unit of ...more
Werner Appeals Crash Verdict to Texas Supreme Court
Werner first appealed the jury verdict in October 2018 to the Texas Fourteenth Court of Appeals in Houston. That appeal ...more
Advance Auto Names New CEO Shane O’Kelly
Advance Auto Parts stock has plunged 54% this year through the Aug. 22 close. (David Paul Morris/Bloomberg) Advance Auto Parts ...more