The Haslam family is out of Pilot Travel Centers. The legal battle between the Haslams and Berkshire Hathaway (NYSE: BRK.B) over the travel centers’ valuation was settled last week, the truce announced the day the case was to go to trial in Delaware Chancery Court. With that compleeted, the founding family exercised its “put option,”…
Canadian authorities recently shut down two trucking companies in the Vancouver area in the aftermath of collisions with a vehicle tunnel and a highway sign. The suspension of carriers TSD Holdings Inc. and International Machine Transport Inc. comes after another company — Chohan Freight Forwarders — was ordered to cease operations after one of its…
Freighter operator Cargolux, the eighth-largest all-cargo operator by traffic, is diversifying with a new firefighting business line. The Luxembourg-based airline announced Friday that the new venture, called Aquarius Aerial Firefighting, will operate a fleet of 12 Air Tractor AT-802F Fire Boss aircraft. The single-engine air tankers, a mix of single and double-seaters, will be acquired…
TuSimple, the first autonomous trucking startup to go public, is voluntarily delisting from the Nasdaq, where its stock has been battered for more than two years and its boardroom strife played out for all to see. Independent directors of the board chaired by co-founder Mo Chen announced the decision Wednesday in Securities and Exchange Commission…
Vicinity Motor Corp. has inked a deal with another Toronto-area distributor, Peninsula VMC Truck Centre. The newly launched dealership will be headed by industry executive Kelly Jennings, the electric truck […]