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DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal

Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.

October 23, 2024
GovernmentBusinessTechnology

FAA Issues Rule That Moves Air Taxis Closer to Takeoff

Federal regulators gave a strong push to electric-powered air taxis Oct. 22 by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.

October 23, 2024
GovernmentBusinessTechnologySafety

Carriers Feel Insurance Premium Pinch as Cargo Theft Climbs

When it comes to cargo theft, thieves can 鈥 and do 鈥 steal anything.聽 As more cargo goes missing, insurance premiums for policies to cover the losses start edging higher.

October 22, 2024
GovernmentBusinessSafety

Colorado OKs Tax Relief for Hurricane-Affected Residents

鈥淭ax deadlines should be the last thing that families impacted by these natural disasters are worried about,鈥 Colorado Gov. Jared Polis said.

October 22, 2024
BusinessEquipment

Paccar Q3 Profit Falls 20.9%, Tops Analyst Expectations

Paccar Inc.鈥檚 profit in the third quarter fell as the truck market continues to normalize, but still beat analyst expectations.

October 22, 2024
GovernmentBusinessTechnologySafety

West Virginia Invests $4.7M in Road Safety Tech Upgrade

The goal is for the state to use technology to lower weather-related vehicle crashes in West Virginia by warning drivers with real-time alerts about dangerous roadway conditions.

October 22, 2024
GovernmentSafety

FHWA Grants $10M to Virginia for Post-Hurricane Road Fixes

FHWA issued a $10 million emergency relief grant to Virginia on Oct. 18 to immediately pay for road repairs, especially a key freight corridor, damaged by Hurricane Helene.

October 22, 2024
BusinessLogistics

Uber Freight Ups Cross-Border Business as Nearshoring Booms

The Chicago-based logistics platform has seen significant growth, reporting a 77% year-over-year increase in cross-border business from shippers and more than 2,000 daily shipments.

October 22, 2024
BusinessEquipment

Stellantis Sees Ram Sales Rebound as Inventories Shrink

Ram brand sales are up 35% to 40% so far in October, Ram and Chrysler CEO Chris Feuell said at a Reuters automotive conference in Detroit Oct. 22.

October 22, 2024
GovernmentTechnologyEquipmentSafety

Litigants Allege EPA Cannot Legally Mandate Electric Trucks

EPA lacks legal authority to mandate electric vehicles, according to a court brief filed by a coalition of 24 states and various economic interests seeking federal appellate court review.

October 22, 2024

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