GREENSBORO, N.C. — Mack Trucks North America has named Joseph Favia regional vice president for the U.S. central region. He will be responsible for increasing market share and profitability.
Figures don’t lie, but they can take on a different appearance depending on how they’re framed. For instance, recently released data from the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) indicate that the for-hire transportation industry carried less freight June than in May.
WASHINGTON — Boosted by continuing sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
LAFAYETTE and GOSHEN, Ind. — Lafayette, Indiana-based Wabash National Corp., a diversified industrial manufacturer and producer of trailers and liquid transportation systems, and Goshen, Indiana-based Supreme Industries Inc., a manufacturer of truck bodies, said August 8 the two companies have entered into a definitive agreement under which Wabash National would acquire all of the outstanding shares of Supreme in a cash tender offer for $21 per share, which represents an equity value of $364 million and an enterprise value of $342 million.
Freight movement in the U.S. has risen by nearly 30 percent since the end of the recession, according to data recently released by the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS).
WASHINGTON — U.S. employers added 209,000 jobs in July, a second straight month of robust gains that underscore the economy's vitality as it enters a ninth year of expansion.