FBX Report: August 2, 2021
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August, 2021
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August 2, 2021
Uncategorized
Daimler Truck spinoff on track after parent company’s board vote
Daimler Truck Holding AG has received the go-ahead to become a stand-alone company from the Board of Management and Supervisory Board of Daimler AG. After the planned spinoff of Daimler Truck by the end of this year, shareholders of Daimler…
August 2, 2021
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STB agrees to review CSX’s plans to acquire Pan Am Railways
Expect an April decision on whether federal regulators will allow CSX to acquire New England short line Pan Am Railways, according to the Surface Transportation Board. The board said Friday that it has accepted a request by CSX (NASDAQ: CSX)…
August 2, 2021
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ArcBest posts record revenue, operating income in Q2
Operating ratio moves favorably by 550 basis points; net income triples year-over-year results The company’s earnings per share tripled the prior-year results due to strong demand, favorable comparisons with 2020’s second quarter. LTL and asset-light provider ArcBest Corp. reported on…
August 2, 2021
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Arrival and its automated driving system reach major milestone
Autonomous vehicle manufacturer Arrival (NASDAQ: ARVL) announced on Monday a successful test run of its automated driving system (ADS) at a fully functioning parcel facility. It’s the first time one of its Arrival Vans has driven around a facility without…
August 2, 2021
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Using natural gas as alternative fuels ー Net-Zero Carbon
Norfolk Southern isn’t just in the business of moving freight, they’re in the business of a better planet. To learn more about Norfolk Southern’s industry-leading sustainability initiatives, go to nscorp.com/betterplanet. The search for alternatives to diesel fuel has been ongoing,…
August 2, 2021
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Square to acquire buy-now, pay-later firm Afterpay in $29B stock transaction
Payments services provider Square (NYSE: SQ) announced on Sunday night that it was acquiring Afterpay for approximately $29 billion in stock. The deal is an all-stock transaction, with Square acquiring all the issued shares of Afterpay, pending a court-approved “Scheme…
August 2, 2021
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Audit recommends enhancements for DHS air cargo security programs
A new audit by Congress’ investigative arm is recommending two Department of Homeland Security agencies tighten up programs designed to protect against terrorists smuggling concealed explosives into the U.S. through air cargo. U.S. Customs and Border Protection and the Transportation…
August 2, 2021
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Electronic recordkeeping: Are you falling behind?
In 2017, the idea of a Federal Motor Carrier Safety Administration off-site audit rarely crossed the minds of carrier executives, and with good reason — FMCSA almost never conducted one. In fact, in 2017 and 2018, FMCSA conducted just 329…
August 2, 2021
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Daily Infographic: Top commodities by weight and value
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