Transport Topics
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Roadmaster Group, Inc. has agreed in principle to acquire assets from Tri-State Motor Transit, in a transaction involving two companies that specialize in moving freight that requires high security levels.
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Old Dominion Freight Line earlier this month reported tonnage improved 3.2% in February and 2% in January on a year-over-year basis, and pricing measured per 100 pounds of freight improved, excluding fuel surcharges.
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Norfolk Southern Corp. for the third time rejected an acquisition offer from Canadian Pacific Railway Ltd., saying the latest proposal also was " grossly inadequate" and "creates substantial regulatory risks and uncertainties that are highly unlikely to be overcome."
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Heavy-duty component supplier Meritor Inc. launched an extended warranty program, with two options, for its aftermarket wheel-end products.
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