One of the busiest trade ports on the U.S.-Mexico border remained effectively closed Wednesday as frustration and traffic snarls mounted over orders by Texas Gov. Greg Abbott requiring extra inspections of commercial trucks.
For trucking fleets—which move 70% of the U.S.’s freight tonnage—the sudden jump in prices is set to hurt smaller operators who have to cover the extra fuel cost on the spot and wait for surcharges to be reimbursed, American Trucking Association Chief Economist Bob Costello said.
The proposal released Monday by the Environmental Protection Agency would require the industry to cut nitrogen oxide emissions by up to 90% per truck over current standards by 2031.
Columbus-based Cummins said its acquisition of Michigan-based Meritor, a maker of electric axle and brake technology, will help accelerate Cummins’ electric and hybrid business.
Cummins announced Wednesday that it’s signed an agreement to purchase Connecticut-based Jacobs Vehicle Systems from its current owner for $325 million. The deal is expected to close later this year.
The criminal case against former Celadon executives Eric Meek and Bobby Peavler had been scheduled to begin on Feb. 22, but the judge has rescheduled the trial because local COVID-19 positivity rates are too high.
Indianapolis-based Renewable Transport Services Inc. plans to add more than 90 jobs by the end of 2025 and invest $20 million to upgrade its southside facilities.
With most liquidation efforts complete, Celadon has raised only $75 million—$45 million short of the $120 million it needed to satisfy a loan from its secured creditors.
Manufacturers and trucking groups are supportive of the legislation, but opponents, including law enforcement agencies, have raised concerns about possible damage to state infrastructure and safety on the roads.
The acquisition, announced Tuesday, was the 11th for Indianapolis-based Dickinson since 2017.
The North Split project, which was first announced in 2017, will reconfigure the Interstate 65/Interstate 70 interchange on the northeast side of downtown.
The one-semester program, which includes both on-the-road driver training and academic instruction, is set to begin in January at Ivy Tech campuses in Indianapolis, Lafayette, Fort Wayne, Evansville and Lawrenceburg.
The spinoff company, Red Technologies, is built around proprietary software that Spot launched in 2015 to help connect shippers, trucking companies and drivers for the purpose of freight brokering.
Judge Jane Magnus-Stinson denied a request by former Celadon Group Inc. President William Meek to travel to a Mexican resort for a birthday celebration while he is awaiting trial on multiple fraud charges.
Plans call for the 55-year-old truck dealer to add a new dealership and training center on the east side of Indianapolis and expand its existing operations on the west side.
The announcement marks the latest in a series of steps the Columbus-based engine maker has taken in recent years to diversify its offerings in alternative-energy power systems.
Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
Holcomb signed an executive order meant to speed up deliveries to retailers, which are running short of supplies, by lifting regulations on the number of hours that commercial drivers can work.
Indianapolis-based Key Auctioneers will be handling the sale of office furniture, computers, truck parts and other items from Celadon’s east-side headquarters as the trucking company liquidates its assets in bankruptcy.
The Indianapolis-based asset financing and fleet management company notified state officials this week that it will permanently close its operations late next month, eliminating all of its employees.
