Flatbed operator Daseke ended its history as an independent trucking company Monday when its acquisition by Canada’s TFI International closed for $1.1 billion. The acquisition by TFI (NYSE: TFII) was announced Dec. 22. The share price for the acquisition was $8.30, after closing at $4.91 on Dec. 21. Daseke reported revenue of $1.57 billion in…
Eastbound trans-Pacific ocean container spot rates plunged again this week as container ship capacity on the trade lane recovers and volumes reset at a lower level than they were pre-Lunar New Year. The Freightos Baltic Daily Index spot rate for China to the West Coast of North America fell from $3,620 per forty-foot equivalent unit…
Managed transportation provider Uber Freight announced Wednesday it has hired two key executives to leverage their expertise in growing the company’s commercial operations and final-mile network. Dan Annunziata, Uber Freight’s head of Commerical (Photo: Uber Freight) The leadership of the company’s commercial organization will now be entrusted to Dan Annunziata. With a track record spanning…
Editor’s note: The Federal Motor Carrier Safety Administration will not release a recording of the panel hearing but is eventually expected to release notes on the Truck Leasing Task Force’s website. The Truck Leasing Task Force (TLTF), created by the Department of Transportation to study leases that independent owner-operators work under with trucking companies, has…
WASHINGTON — Deaths and injuries resulting from crashes involving large trucks are increasing at a slower rate, but safety advocates assert regulators still are not doing enough to address the problem. According to the latest estimates published by the National Highway Traffic Safety Administration, 5,936 people were killed in crashes involving medium- and heavy-duty trucks…