United Rentals abandoned its plan to acquire H&E Equipment Services, declining to increase its original offer of $3.4 billion for the rival construction equipment supplier.
Category: News
Postmaster General Louis DeJoy Plans Exit
Postmaster General Louis DeJoy asked the board overseeing the U.S. Postal Service to begin the succession process, paving the way for his departure after a turbulent run of almost five years.
Crossword Puzzle Solution for February 17, 2025
Here’s the solution to the crossword puzzle found in the February 17, 2025 print edition.
DOT Reasonable Suspicion Testing in 3 Steps
Does your company place significant value on reasonable suspicion testing? Ensure your supervisors know how to handle potentially impaired drivers with these important steps and free online training from J. J. Keller.
Duffy Says Texas GulfLink Oil Port Will Move Forward
“[The port] was held up for five years, and it was stonewalled. Bureaucrats got in the way, and now we are moving forward with that,” DOT Secretary Sean Duffy told reporters Feb. 14.
Proficient Q4 Revenue Slumps 15.9% on Weaker Margins
Proficient — the No. 4-ranked auto transporter — expects industry dynamics to improve in 2025, including through a reduction in carrier capacity due to the travails of Jack Cooper Holdings.
Trump’s Latest Trade Move: Tariffs on Imported Cars
The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on U.S. allies and rivals alike.
Trump’s Energy Council Looks to Fast-Track Oil Projects
“We have more energy than any other country and now we are unleashing it,” President Donald Trump said as he signed executive orders in the Oval Office on Feb. 14.
Auto Hauler Jack Cooper to Shut Down After Losing Ford, GM
The dominoes started to topple when automaker Ford decided in January to end its relationship with Jack Cooper, bringing the curtain down on an approximately 40-year relationship.
ArcelorMittal to Build $1.2 Billion Alabama EV Steel Mill
Steel giant ArcelorMittal is investing $1.2 billion to build an Alabama mill slated to produce advanced steel by 2027 for hybrid and electric vehicle motors to feed into the U.S. supply chain.