Flatbed operator Daseke ended its history as an independent trucking company Monday when its acquisition by Canada’s TFI International closed for $1.1 billion. The acquisition by TFI (NYSE: TFII) was announced Dec. 22. The share price for the acquisition was $8.30, after closing at $4.91 on Dec. 21. Daseke reported revenue of $1.57 billion in…
Eastbound trans-Pacific ocean container spot rates plunged again this week as container ship capacity on the trade lane recovers and volumes reset at a lower level than they were pre-Lunar New Year. The Freightos Baltic Daily Index spot rate for China to the West Coast of North America fell from $3,620 per forty-foot equivalent unit…
The UAW held a livestreamed kick-off rally in Statesville, N.C., yesterday as it commences negotiations with Daimler Trucks. The UAW covers about 7,000 Daimler workers, whose contract expires April 26. […]
Canadian electric truck maker Vicinity Motor reported in its Q4 earnings it has an order backlog exceeding $125 million and that it has invoiced 71 electric trucks to its new […]
The trucking industry continues to combat human trafficking, deploying its 29th wrap to raise awareness of the epidemic. This one, sponsored by Victim Services of Durham Region, was installed on […]