Tuesday, January 16, 2018
Business
Capacity tightens at the end of 2015; load-to-truck ratios soar

Capacity tightens at the end of 2015; load-to-truck ratios soar

Spot market freight rates soared between Christmas and New Year's Day, reports DAT Trendlines.

Daseke, Hennessy Capital in $626 million merger; Daseke to go public on NASDAQ

Daseke, Hennessy Capital in $626 million merger; Daseke to go public on NASDAQ

HOUSTON -- Hennessy Capital Acquisition Corp. (HCAC) and Daseke Inc. reported December 22 that they have entered into a definitive merger agreement that would allow Daseke to become a NASDAQ-listed public company.

U.S. economy grew at strong 3.5 pct. annual rate last quarter

U.S. economy grew at strong 3.5 pct. annual rate last quarter

WASHINGTON — The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn't expected to last.

Schneider National Inc. files registration statement for initial public offering

Schneider National Inc. files registration statement for initial public offering

GREEN BAY, Wis. — Schneider National Inc. and the Schneider Family said today that the Company has filed a registration with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of the Company’s Class B common stock.

California labor law violations subject of multiple class action suits against trucking companies

California labor law violations subject of multiple class action suits against trucking companies

LOS ANGELES — A lawsuit on behalf of California and Florida drivers charging KLLM Transport Services LLC with numerous wage and hour violations was filed November 14 in U.S. District Court for the Central District of California and is one of several similar actions this year.

ATA freight tonnage index surges 8.2 percent

ATA freight tonnage index surges 8.2 percent

ARLINGTON, Va. — The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index surged 8.2 percent in November, following a 0.3 percent drop during October.

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