Daseke, a consolidator and owner of flatbed and specialized transportation and logistics solutions in North America, has announced a merger that adds The Steelman Companies to its family.
read more
...Read the rest of this storyOrders for new Class 8 trucks rebounded in June after a falloff in May, and though they are lower quarter-over-quarter, year-over-year Class 8 order comparisons are “positive by a wide margin,” noted Kenny Vieth, president and senior analyst at ACT Research.
“While orders are weak relative to year-to-date activity, June's orders were up 39% compared to last year,” he explained in a statement.
read more
...Read the rest of this storyTomTom announced it is developing “ultra-fast lane level” traffic technology supporting autonomous driving and mobility.
Research will be done in cooperation with Cisco to leverage roadside data captured by Cisco's array of sensors, routers and controllers to create the next generation of traffic information technology. The research combines Cisco's data with TomTom's traffic fusion technology and expertise, supported by Cisco's Internet of Things platform.
read more
...Read the rest of this story
All sorts of technological changes are occurring to commercial vehicles large and small these days—to the point where a variety of them are actually driving themselves, no human hands on the wheel required.
While self-driving trucks (at this point at least) still remain something of a future endeavor, other new technologies enjoy broader usage across the industry, especially in terms of safety: blind spot detection, collision mitigation, automatic emergency braking, and electronic stability control, to name a few.
read more
...Read the rest of this storyHeartland Express, Inc. announced it has acquired 100% of the outstanding stock of Interstate Distributer Co. (IDC) from Saltchuk Resources, Inc.
The enterprise value of the transaction was approximately $113 million. The transaction was funded through $94 million of Heartland's existing cash, plus assumption of approximately $23 million of IDC's debt, and acquisition of $4 million in cash on IDC's balance sheet. Heartland said it expects to pay off all of IDC's debt after closing.
read more
...Read the rest of this storyJul.06 -- In a joint press conference with Polish President Andrzej Duda, President Trump discusses possible meddling by Russia in the U.S. election and the role President Obama played. The press conference was shown on “Bloomberg Surveillance.”
