TFI International announced the acquisition of less-than-truckload carrier Hercules Forwarding Monday after the market closed. Hercules operates a 31-terminal network throughout the U.S. and Canada, focusing on intra-U.S. and U.S.-to-Canada shipments. The company has more than 210 trucks, nearly 600 trailers and approximately 75 containers, generating revenue of more than $100 million annually. The nearly…
If the price volatility of the past few years has exhausted diesel consumers, recent weeks have been a welcome respite. The stability in the market was driven home by the Monday release of the Department of Energy/Energy Information Administration average weekly retail diesel price, the basis for most fuel surcharges. The price fell 1.8 cents…
A Texas appeals court recently declared an 1872 jobs agreement between Palestine, Texas, and Union Pacific to be unenforceable. The ruling moves Union Pacific (NYSE: UNP) a step closer to its goal of closing a rail car shop in the east Texas town of 18,000. The 12th Court of Appeals in Tyler, Texas, issued the…
WASHINGTON — Legislation being promoted for giving states more flexibility to waive truck weight limits in an emergency would also give state authorities broad new power to raise weight limits for all kinds of freight, according to a lobby group that opposes overweight trucks. The legislation, Modernizing Operations for Vehicles in Emergencies (MOVE) Act, introduced…
Chief Commercial Officer Eric Wilson has left freighter operator Amerijet International Airlines amid shrinking cargo sales, adding to the turmoil that has engulfed the Miami-based airline for the past year. Wilson resigned on Friday after three years “to pursue other opportunities,” Christine Richard, senior marketing director, confirmed in an email. But multiple sources familiar with…