1+ day, 11+ hour ago  (268+ words) The OEM executive was also appointed to the board's science, technology and sustainability committee. Cummins CEO Jennifer Rumsey was elected to manufacturing conglomerate 3 M's board of directors, effective June 5, according to a press release." "Jennifer is a highly regarded leader…...

1+ day, 11+ hour ago  (483+ words) Federal Reserve Chair Kevin Warsh repeatedly said the central bank's monetary policy committee will push down inflation toward its 2% goal. The FOMC met for the first time under newly appointed Fed Chair Kevin Warsh, who won nomination from President Donald…...

2+ day, 12+ hour ago  (163+ words) Triple RRR Carriers, which specialized in cross-border freight, reported nearly $1. 2 million in liabilities. SOURCE: Triple RRR Carriers" Chapter 7 bankruptcy petition Trucking company bankruptcies have occurred amid freight demand challenges, higher operating costs and federal regulatory changes in recent years, tightening…...

2+ day, 13+ hour ago  (250+ words) After securing shareholder approval, the autonomous freight technology company began trading on the Nasdaq. The transaction was pitched as an opportunity to create a leading public autonomous and electric freight technology platform, combining Einride's software, electric vehicle and autonomous driving…...

3+ day, 10+ hour ago  (287+ words) It is impossible for us to determine at present which employees may be affected, if any," according to the company's Chapter 11 trustee. Sparhawk Trucking employees could face mass layoffs amid bankruptcy proceedings, the company's trustee said in a May 28 notice....

3+ day, 12+ hour ago  (264+ words) Trucking executive Frankie Fuchs brings more than two decades of experience to the Canada-based bulk carrier. Trimac named Frankie Fuchs VP of safety reporting to COO Ryan Collinge, the company announced June 1." Fuchs will oversee companywide safety strategy and strengthen…...

4+ day, 12+ hour ago  (246+ words) The multi-pronged approach gives shareholders some flexibility while moving the overall structure of the deal forward. In April, QXO announced its plans to acquire Top Build'for about $17 billion, on the heels of its $2. 25 billion purchase of Kodiak Building Partners.' Unlike…...

1+ week, 6+ hour ago  (334+ words) [D]emand has continued to improve as the quarter has progressed, CEO and President Kevin Marty Freeman said in a statement. Manufacturing surveys have been reporting expansion sentiment, and carriers' mid-quarter data is backing up that trend, suggesting improvement in…...

1+ week, 10+ hour ago  (381+ words) The new span between the U. S. and Canada is intended to speed up truck border crossings. The opening of the new Gordie Howe International Bridge connecting Detroit to Windsor, Canada has been delayed to provide time for U. S. and Canadian officials to…...

1+ week, 11+ hour ago  (801+ words) In an industry where 3 PLs don't always know where their trailers are, reefer telematics has been low on the priority list of investments. That's now changing. Obtained from Thermo King Editor's note: This is the last installment in a series…...