UPS Inc. and FedEx Corp. have begun to take market share from their regional parcel delivery rivals by leveraging generous price discounts, according to sources. Share-taking between regional and national carriers is nothing new. However, the aggressiveness of the national carriers is different than it has been in the past, the sources said. Among shippers…
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…
As Ontario looks to improve mandatory entry-level training (MELT) for new drivers, the Truck Training Schools Association of Ontario (TTSAO) has outlined a plan to certify driver instructors. The association […]