DOT approves $1.9B Alaska Air, Hawaiian merger

Alaska Airlines expects to finalize its $1.9 billion merger with Hawaiian Airlines on Wednesday after the Department of Transportation cleared the transaction, the company said in a regulatory filing Tuesday. DOT approval was the remaining hurdle for the merger. The Department of Justice last month quietly approved the transaction. The combination of Alaska Airlines (NYSE:…

Streak of lower benchmark diesel prices hits 10 weeks with latest drop

Diesel prices may have hit a bottom for now in the futures market, but the average weekly retail diesel price posted its 10th consecutive decline Monday. The price, reported by the Department of Energy/Energy Information Administration, dropped 2.9 cents a gallon to $3.526. Over that 10-week span, the price has fallen 33.9 cents. That benchmark…

Trimble and Platform Science pushed hard to get deal done before Vegas meeting

LAS VEGAS – The unveiling of the combination of Trimble’s telematics business and venture capital-backed Platform Science in parallel with Trimble’s annual customer meeting in Las Vegas wasn’t coincidence. It was sort of the point. The transaction was announced Sunday, the first day of events tied to Insight. The Trimble technology conference brings in thousands…

Shuttered California trucking company files for bankruptcy liquidation

A shuttered California-based trucking company that once pulled intermodal containers out of the Port of Oakland has filed for Chapter 7 bankruptcy liquidation. Flex Intermodal Inc. of Fremont had 25 power units and 30 drivers at the time of its closure, according to the Federal Motor Carrier Safety Administration’s SAFER website.  The petition lists Aseem…