TFI Closes Highland Transport Subsidiary
TFI International Inc. is closing its 150-truck Highland Transport division, a possible sign of softness in the Northeast freight market, according to a TFI official.
June 4, 2019Ryder Promotes Rich Mohr to Chief Technology Officer at Fleet Management Unit
Ryder Fleet Management Solutions, a unit of Ryder System Inc., appointed Rich Mohr chief technology officer.
June 4, 2019Tesla’s Secret Source of Cash Unmasked as GM and Fiat Chrysler
General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they reached agreements to buy federal greenhouse gas credits from Tesla.
June 3, 2019Fiat Chrysler, Toyota and Nissan Sales Up on Best Deals of Year
Fiat Chrysler Automobiles NV, Toyota Motor Corp. and Nissan Motor Co. posted surprise gains in U.S. sales for May as carmakers offered richer deals to consumers to clear mounting inventory.
June 3, 2019Blackstone Bets $18.7 Billion on Amazon Effect in Warehouse Deal
The mall is now a warehouse, and Blackstone Group is betting $18.7 billion on the shift. That’s how much the alternative investment manager is paying for 179 million square feet of urban logistics properties — the warehouses used by Amazon and other retailers to fulfill orders from online shoppers.
June 3, 2019FedEx Shares Slide as China Opens Probe Over Huawei Deliveries
FedEx Corp. shares dropped as investors assessed the impact of a Chinese probe that puts the delivery company in the middle of an escalating trade conflict with the U.S.
June 3, 2019Air Cargo Carriers Caught in Crossfire of US-China Trade War
President Donald Trump’s intensifying trade war with China dented air cargo traffic even before FedEx Corp. got dragged into the brawl, as companies worldwide reconfigure their supply chains in the face of increasing tariffs.
June 3, 2019C.H. Robinson Acquires European Logistics Firm Dema Service
C.H. Robinson has acquired Italian transportation company Dema Service S.p.A., according to a news release.
June 3, 2019BMW Factory Caught in Trump’s Mexican Standoff
President Donald Trump’s vow to impose a 5% tariff on Mexican goods comes just in time to hit exports from a $1 billion BMW AG factory that opens in the country next week.
May 31, 2019GM, Ford Slip as Auto Sector Hit by Trump’s Mexico Threat
U.S. automakers and parts suppliers were among the sectors hit hardest in early trading May 31 after President Donald Trump’s threat to impose a tariff of up to 25% on Mexican goods. General Motors Co. and Ford Motor Co. each fell more than 3%.
May 31, 2019