General News
Rate Cuts Seem Inevitable After Fed Chair Powell's Speech
WASHINGTON — Federal Reserve Chair Jerome Powell signaled that interest rate cuts are coming in a much-anticipated speech Aug. 23 in Jackson Hole, Wyo.
Mike Gannon Appointed to Lead CRST
CRST has appointed Mike Gannon as its newest president and CEO, the company announced Aug. 23.
Interactive Map: 2024 NTDC Grand Champions by State
Click on a yellow state to see when its event is scheduled; a green state to see who was named grand champion.
NTDC Spotlight: Robert Foskey
INDIANAPOLIS — Robert Foskey will become chairman for next year’s National Truck Driving Championships. He plans to continue promoting the spirit of collaboration and camaraderie.
Halliburton Warning Oil Clients After Cybersecurity Attack
Halliburton, the world’s biggest provider of fracking services, said it’s alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems.
Strike Looms Again as Teamsters Serve CN Notice for Aug. 26
A union filed strike notice against Canada’s largest railway on Aug. 23 just hours after trains began rolling again, likely derailing plans to revive vital shipping networks.
TxDOT to Assume Control of Key Freight Route, Cut Toll Costs
The Texas Transportation Commission is proceeding with a $1.73 billion buyout to take over State Highway 288 tolling operations to lower fares.
CVC and DSV Compete in $15.6B Bid for DB Schenker Unit
Deutsche Bahn is currently evaluating the final offers and needs to discuss with the government on CVC’s proposal.
DSV Orders 300 Electric Trucks in Major Volvo Deal
Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.
Truck Drivers Tackle Intricate Course
Hundreds of women and men were tested on precision-driving skills as well as on their capacity to run commercial vehicles during the first day of competition at NTDC 2024 in Indianapolis.
CPKC, CN Prepare to Restart After Labor Dispute Intervention
Canada’s two largest railways are preparing to restart operations after the country's government stepped in to try to end a labor dispute that has halted freight movement.
Elite Truckers Test Skills in Indy
Nerves, excitement, professionalism were evident among the more than 400 elite truck drivers — including three first-timers — on Day 1 of NTDC 2024 in Indianapolis.
CN Will End Its Lockout Immediately, Rail Official Says
TORONTO — CN is ending its lockout immediately and moving forward with a plan to get its trains moving again following an order to enter forced arbitration with its union, a rail official says.
Belgian Firm Opens Georgia Logistics Site for Equipment
Belgium’s Aertssen Logistics has opened a North American hub near the Port of Savannah in Georgia for agriculture, mining and construction machinery on a 35-acre site.
Miners Tap Trucks to Sidestep Canada's Rail Stoppage
Two mining giants are rerouting shipments and turning to trucks to deal with disruptions from a Canadian railway stoppage that threatens to undermine the industry’s operations.
29 Mariners Rescued From Oil Tanker Hit in Red Sea Attacks
DUBAI, United Arab Emirates — A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea, officials said Aug. 22.
China’s WeRide Delays US IPO Just as Deadline Nears
WeRide Inc. has postponed its plan for a U.S. initial public offering, according to people with knowledge of the matter, days before Chinese regulatory approval lapses.
Key Bridge Collapse Spurs $5M Small Business Grant Fund
A $5 million grant program aimed at supporting Baltimore-area small businesses hit hard by the collapse of the Francis Scott Key Bridge launched Aug. 21.
Groendyke Announces Acquisition of Linden Bulk Transport
Groendyke Transport on August 19 announced a definitive agreement to acquire all the tank truck assets of Linden Bulk Transportation from Depot Connect International.
July Trailer Orders Drop 37% Amid Slower Market
U.S. trailer orders fell 37% year over year in July to 7,200 units, ACT Research reported. The figure represented a 14.2% increase from June’s 6,300 units.