WASHINGTON — Legislation to invest $755 million over three years to expand truck parking in the U.S. advanced in the House on Tuesday after an opponent won assurances that the money would come from funds already authorized by Congress. “Much has been made of the shortage of truck parking without looking at the underlying issue:…
Truck broker Landstar System lowered its second-quarter guidance in a filing with the Securities and Exchange Commission Tuesday after the market closed. The Jacksonville, Florida-based company said both revenue and earnings will come in below the ranges it provided when it reported first-quarter results at the end of April. At the time, the company’s management…
Freight forwarder Worldwide Logistics Group (WWL) announced Tuesday the acquisition of customs brokerage P. W. Bellingall (PWB). San Francisco-based PWB specializes in transportation and logistics for the coffee and food sectors. The deal expands WWL’s in-house customs brokerage offering. WWL has a presence in the food and beverage logistics industry and operates a safety-certified food-grade…
French transport and logistics company Geodis said Tuesday that it has acquired U.S. drayage provider Southern Companies, a Miami-based company that serves seven Southeast ports. The acquisition, terms of which were not disclosed, beefs up Geodis’ operations in the region. More than 80 Southern employees are expected to join Geodis. Geodis currently operates 150 warehouses…
U.S. fleets reduced their risky driving by a significant 29% in 2022 when compared to 2019, the last “normal year” before Covid-19-related disruptions, according to video telematics provider Lytx. Collisions […]