The acquisition of a majority stake in Pilot Travel Centers by Berkshire Hathaway has led to a significant increase in the company’s debt rating by S&P Global Ratings. Pilot’s BB+ corporate rating was affirmed in mid-2021, though one debt issue was reduced at that time to a BB+ level. BB+ is not considered investment-grade debt….
At S&P Global by CERAWeek, a festival of everything hydrogen, trucking and the H element was a frequent topic of both general and highly focused presentations on companies’ specific hydrogen-based solutions. But at a panel covering three major parts of the hydrogen supply chain and featuring providers of the fuel (Chevron), builders of applications (Toyota)…
Estes Forwarding Worldwide (EFW) announced Monday it has acquired trade show logistics and exhibit services provider Legacy Logistics. Reading, Pennsylvania-based Legacy handles transportation, warehousing and storage for trade shows, tours and events. It also handles fixture and display setups for retailers. The deal expands EFW’s existing events business. Legacy’s customers are expected to benefit from…
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Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: Mexico starts 2023 as top U.S. trade partner; construction for new Texas commercial port of entry begins; transporter closes Texas terminal and cuts 60 jobs; and Kansas logistics company leases Texas distribution center. Mexico starts 2023 as…