Transport Topics
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Workhorse Group Inc., of Cincinnati, said it will use nearly $12 million from the sale of convertible notes and warrants to fund operations and begin deliveries of trucks to customers in early 2016.
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Logistics operator UTi Worldwide Inc. posted a slightly lower fiscal third-quarter loss of $32.7 million, or 34 cents per share, as ocean freight forwarding results weakened further at the company that has agreed to a $1.35 billion acquisition by DSV, a Danish supply chain and forwarding company.
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Moscow residents are broadly supportive of protests by longhaul truckers over a new toll system in Russia, the Levada Center said.
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Louise Odell Blanks Cochrane, wife of Overnite Transportation Company and Highway Express founder James Harwood Cochrane, died Dec. 10 in Richmond, Virginia, at the age of 99.
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