Category: News

Canadian Pacific Railway Ltd. posted revenue of C$1.9 billion in the third quarter, a record for any quarter in company history, the Calgary, Alberta-based railroad announced Oct. 18.

The factors that drive truckload freight are going to move “from great to good” and that private fleets are expanding to reduce their spot market exposure.

Sunoco has completed its $24 million acquisition of Brenco Marketing Corp.’s fuel-distribution business.

Mack Trucks and Volvo Trucks have improved upon their over-the-air feature, which allows for updates to occur while a driver has downtime, such as while at a rest stop or home.

Billionaire investor Carl Icahn agreed to sell American Railcar Industries Inc. for $1.34 billion, quintupling his investment as a freight boom spurs a rebound in demand for rail equipment.

AxleTech and Thor Trucks have partnered to create a fully electric commercial vehicle powertrain, according to an Oct. 16 press release. The two will integrate AxleTech’s e-axle technology with Thor’s proprietary battery technology.

The Department of Transportation’s Inspector General has begun a congressionally mandated audit of the Federal Motor Carrier Safety Administration’s “corrective action plan” intended to revamp the agency’s Compliance, Safety, Accountability Program methodology.

Commercial vehicle supplier Wabco Holdings Inc. reported third-quarter net income and revenue rose on gains in North America and India.

Marathon Petroleum Corp., the largest U.S. oil refiner after its $23.3 billion acquisition of rival Andeavor this month, is weighing a plan to start sales of high-ethanol gasoline at its stations in Minnesota, according to people familiar with the matter.