Volkswagen to Trim Traton Stake, Retain Control at 75%
VW plans to reduce its 87.5% holding in the truck maker to just above three-quarters ownership, keeping voting control while freeing up capital.
Carrier Business
Carrier bankruptcies, mergers, acquisitions, layoffs, earnings, expansion, and insurance market shifts.
Acertus Buys Fisher Shipping, Second Car-Haul Deal in a Week
Finished-vehicle logistics provider Acertus acquired Massachusetts-based Fisher Shipping days after rival Proficient Auto Logistics announced a $130 million…
J.B. Hunt Adds Recruiters as Driver Market Tightens, Intermodal Bids Surge
Large carrier reports highest driver recruitment needs since 2022 while intermodal pricing lags truckload by 34%, creating what one exec calls 'the summer of…
Schneider Expects Driver Capacity to Keep Falling Through 2026
Green Bay carrier sees ongoing supply reduction through year-end as driver exits continue.
Trimac Buys California Freight, Second West Coast Bulk Deal in Two Years
The Canadian food-grade hauler adds another California bulk carrier to its portfolio, continuing a West Coast expansion that started in 2024.
How a private fuel fleet kept pumps open when winter shut down freight
Fuel South Express pre-staged drivers, automated routing, and ran predictive maintenance to supply Circle K stores through back-to-back winter freezes that…
Two Brothers Left Cox Automotive to Build a Mobile Fleet Shop
Kyle and Kevin Coltrain watched their family's mobile maintenance company get rolled up twice, then launched Coltrain Onsite with 70 techs across 15 states.…
Rail Volume Up 2% to 6%, Intermodal Gains Drive Truck-to-Rail Shift
Four Class 1 railroads raised guidance after Q2 earnings showed broad-based volume growth. Union Pacific domestic intermodal set a fourth straight quarterly…
Rush Enterprises Buys Into MCT Refrigeration Service Network
The joint venture expands Rush's footprint beyond truck dealerships and into reefer trailer service, parts, and rentals.
Supply Chain Cuts 1,222 Jobs as 10 Freight Firms File Bankruptcy
Amazon, Temco, and Freight Handlers account for most layoffs from July 10-24 while seven trucking companies seek Chapter 11 protection.
ArcBest Cuts 300 Jobs, Closes Terminals to Save $40M as Costs Climb
Fort Smith carrier books $80M in charges to restructure operations and scrap its Vaux trailer-loading system while industry-wide operating costs rise 3.4%.
Ruan Launches Customs Brokerage for U.S.-Mexico Trade
The Iowa-based truckload carrier adds customs clearance to its cross-border service portfolio, targeting shippers who need freight and paperwork under one roof.