YRC Worldwide Transitions CFO Responsibilities
YRC Worldwide announced Monday that Sheila Taylor, executive vice president and chief financial officer, has decided to leave the company effective March 31 to pursue opportunities outside the less-than-truckload industry.
NFI Acquires World Warehouse
NFI announced the acquisition of World Warehouse and Distribution, a third-party logistics and warehouse company headquartered in Champlain, N.Y., with facilities in Champlain and Albany, N.Y., and Montreal, Canada.
ABF Dual-System Network Achieves Coast-to-Coast Reach
ABF is expanding its Regional Performance Model service to the western third of the U.S., providing increased shipment velocity to 95 percent of the lanes between major markets in the West.
Cass Freight Index Reflects Improving Economy
The Cass Freight Index shows February shipments up 2.6 percent from last month and 11.4 percent from last year, while freight expenditures are up 35 percent year over year. This index is based on the shipments of hundreds of clients of Cass Informat…
Kansas to Develop Web-Based Oversize Permit System
A new system that will streamline the permit process for trucking companies hauling large loads, such as wind turbine components, through Kansas has been announced by a cross-agency partnership.
TA Buys Willie’s Place
Willie’s Place in Carl’s Corner, Texas, has been sold at auction to TravelCenters of America following a foreclosure suit.
Oil, Diesel Hit New Highs
As crude oil futures hit a new 29-month high Monday, diesel prices took another big leap this week, 15.5 cents, to a national average of $3.871 per gallon, according to the U.S. Department of Energy. That’s the 14th hike in a row and nearly 97 cents…
Retail Container Traffic to be Up 11 Percent in March
Import cargo volume at the nation’s major retail container ports is expected to be up 11 percent in March over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Assoc…
Monsanto and Sapphire Energy to collaborate to advance yield and stress research; Monsanto taking equity stake in Sapphire
Monsanto Company and Sapphire Energy, Inc., which applies synthetic biology to produce drop-in replacement fuels such as gasoline, diesel, and jet fuel from algae, will enter a multi-year collaboration that will leverage Sapphire’s algae-based re…
Perspective: Not all reductions in battery costs are found underneath the microscope
Perspective by The Townsend Company
The one topic that all people involved in the electric vehicle industry agree on is that batteries cost too much. This has led to a wave of investment in material science developments by both governments and private…