United Road, a major carrier of new and used automobiles, has an unidentified new group of owners. The fact that the company is no longer fully owned by The Carlyle Group (NASDAQ: CG) was revealed earlier this month through actions taken by S&P Global Ratings (NYSE: SPGI) and Moody’s (NYSE: MCO). The two agencies changed…
Traffic fatalities appear to be on the rise among large trucks — at least compared to pre-pandemic numbers. According to the Federal Motor Carrier Safety Administration’s Crash Statistics Summary, which reflects data from the Motor Carrier Management Information System, during calendar year 2019, the last year pre-pandemic, there were 5,082 fatalities as a result of…
Ameritrans Express LLC, a contract delivery service for the U.S. Postal Service, has filed for Chapter 11 bankruptcy amid claims by some of its contractors that they have not been paid since March. Ameritrans Express LLC, headquartered in Dumfries, Virginia, filed its petition in the U.S. Bankruptcy Court for the Eastern District of Virginia on…
Over the past 20 and even 10 years, there has been a massive shift in the way the transportation industry has utilized technology both in and out of the truck. For evidence, one doesn’t need to look too much further than CJ Karman’s story. Karman is the founder and CEO of Ezlogz, but he put…
RXO has hung on to its BB+ rating from S&P Global, but the outlook on the company has been dropped down one level. RXO, spun off from XPO (NYSE: XPO) last fall, was given a BB+ rating by S&P Global Ratings at the time the brokerage company became a separate entity. At the same time,…