COMPETITION WATCH: Hub Group acquires Exel Transportation Services
DOWNERS GROVE, Ill. — Freight transportation management giant Hub Group has purchased Exel Transportation Services (ETS) for $83 million, before post closing adjustments. Exel is now a wholly-owned subsidiary of Hub Group, operating… [Full Story]
Truck shortages, rate hikes about to kick in
Truckload capacity shortages will gather momentum this year and continue through 2013.
Cass Freight Index Jumps 13.8% in March
Freight movements jumped 13.8% in March from a year ago, with volume up for all transportation modes, according to the most recent Cass Freight Index.
Wireless network threatens GPS
In this July 10, 2010, a cockpit GPS shows the search area as scientists participate in a marine mammal/sea turtle survey flight related to the Deepwater Horizon oil spill on a National Oceanic and Atmospheric Administration twin otter DHC-6, over the …
Driver Faces Federal Charges After Fatal Pennsylvania Truck Accident
In January 2009, 57-year-old Valerijs Belovs was driving a semi-truck with faulty brakes outside of Philadelphia.
OTA applauds MTO review to allow longer tractors
TORONTO, Ont. — The Ontario Trucking Association (OTA) says it is pleased the Ontario Ministry of Transportation (MTO) is set to begin reviewing whether to permit motor carriers to use longer tractors in combination with single semi-trailers. [Full St…
Oil Holds Over $108 Following DOE Inventory Report
Oil held over $108 a barrel Wednesday following a Department of Energy report that showed inventories rose almost 2 million barrels last week, Bloomberg reported.
Future Fords to Use Plastics Made From Mushrooms
The innovators over at Ecovative announced they’d developed a sustainable, degradable, foam-like product from mushrooms late last year, and there was much talk of possible applications after the company’s presentation at TED. It seemed like the audi…
Seattle agencies cut small business paperwork
Small businesses that qualify as small contractors and suppliers can fill out one application for the Port of Seattle and King County.
Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%
Map of 48 major shale gas basins in 32 countries. Source: EIA. Click to enlarge.
Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a …