Georgia Ports Authority (GPA) announced plans to construct a $29 million highway overpass linking the Port of Savannah’s Ocean Terminal with U.S. Route 17. Officials said the aim of the overpass is to keep tractor-trailer traffic away from local communities. The project is scheduled to be completed in 2026. “This is a port project in…
Bankrupt Yellow Corp. said it repaid the $700 million COVID-relief loan it received from the U.S. Treasury in 2020. In addition to the principal amount, it repaid more than $151 million in interest, a late Monday statement read. The controversial loan was viewed as an unwarranted bailout by some and outside the scope of the…
Supply chain management provider AIT Worldwide Logistics said Tuesday that it has completed its acquisition of European logistics company Lubbers Logistics Group. Terms of the transaction were not disclosed. The deal, disclosed in mid-November, adds 18 offices to AIT’s 130-location global network. It expands Itasca, Ill.-based AIT’s network to Denmark, Romania and Turkey. Lubbers also…
Following the release of its new VNL in late January, Volvo has detailed improvements to its powertrain it says contribute to the fuel efficiency improvements of the all-new truck. The […]
Miami-based startup Global Crossing Airlines will temporarily cap growth in its new freighter fleet so it can focus limited resources on the more lucrative passenger charter business, a process that began Monday with the removal of founder Edward Wegel as CEO and chairman. Global Crossing (GlobalX) began freighter operations last summer and now has three…