Transport Topics
GM Profit Beats Expectations on Strong Truck Sales
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General Motors Co. reported third-quarter profit that beat analysts' estimates as strong light-truck sales in the United States and stable operations in China produced a record $3.1 billion in adjusted earnings before interest and taxes.
Rush Enterprises 3Q Income Down 15% on Energy Sector Woes
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Rush Enterprises Inc., a multistate network of truck dealerships and related services, reported third-quarter net income fell 15% year-over year as sharp declines in the energy sector cut into sales of related Class 8 trucks and aftermarket services.
Investment Firms Acquire Great Western Leasing and Sales
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Two private equity investment firms, Headhaul Capital Partners and Argosy Investment Partners, have acquired Great Western Leasing and Sales Inc. and will work with the company's management to grow the business.
European Regulators Won't Block FedEx-TNT Linkup
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FedEx Corp. and TNT Express N.V. announced that European regulators won't object to the companies' $4.9 billion acquisition plan, a decision that removes a barrier to their deal.
Singapore Post Acquires TradeGlobal, Expands e-Commerce Services
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Singapore Post has agreed to acquire TradeGlobal Holdings, a company based in Cincinnati that provides e-commerce and logistics services, from the investment firm Bregal Sagemount for $168.6 million.
West Virginia Trucking Association members receive a 2.7% discount
The leading voice for the trucking industry in West Virginia, committed to safety, efficiency, and growth.