Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, has entered into an agreement to purchase MWCold, which operates more than 545,000 square feet of warehouse space at two facilities in central Indiana. Terms of the transaction were not disclosed. The MWCold Indianapolis warehouse is…
Canadian Pacific Kansas City (CPKC) railroad is expanding its Mexico cross-border capacity with the addition of 1,000 53-foot refrigerated intermodal containers. The expansion is designed to offer more options to shippers using the company’s recently started Mexico Midwest Express (MMX) daily premium single-line intermodal rail service running between the U.S. Midwest and Mexico. MMX debuted…
Daimler Truck AG and Toyota Motor Corp. plan to merge their Mitsubishi Fuso Truck and Bus Corp. and Hino Trucks Ltd. units to save money on advanced technology development and create a globally competitive Japanese commercial vehicle manufacturer. Details of the merger, including what share each company would control, are pending. The transaction is expected…
When it comes to truck driving, two might be better than one. Team driving is by nature more productive than solo driving, which is why it’s appealing to carriers; after all, with two drivers taking turns driving and resting, the pair can make deliveries in half the time one person could. “One big advantage to…
If you received an email from an attorney or government agency requesting your driver compliance and operational records, would you be able to provide them in a timely manner? Perhaps just as important, how confident would you be in the compliance and accuracy of those documents? If you’re unsure, you’re not alone. Last year’s Federal…