Transportation Industry News

• Investment Firm Madison Dearborn Partners Agrees to Acquire Sirva
  Sirva Inc., the nation’s second-largest household goods mover, has agreed to be acquired by Madison Dearborn Partners, a private equity firm based in Chicago, for an undisclosed amount.
• Used Truck Sales Rise 9% in April, ACT Research Reports
  Used truck sales in April reached 22,900, up 9% from 21,000 in the same month in 2017, according to ACT Research Co.’s industrywide estimate.
• DOT Launches BUILD Grant Webinar Series
  The U.S. Department of Transportation launched the first of a series of webinars May 24 to teach people how to compete for Better Utilizing Investments to Leverage Development, or BUILD, discretionary grants.
• Capital-Equipment Orders Rise in Sign of Resilient Demand
  Orders placed with U.S. factories for business equipment rebounded in April even as the prior month’s figure was revised downward, indicating resilient demand at the start of the second quarter, Commerce Department figures showed May 25.
• $1.6 Billion Project Approved by Texas Transport Agency
  After months spent hashing out how to pay the $1.6 billion tab, North Texas’ most pressing freeway need at long last gained the blessing of the Texas Transportation Commission at its May 24 meeting.
• Heavy Hitters Face Off in Online Tire Market
  This spring, a struggle for market share in online tire retailing turned into a battle for dominance as giants Goodyear and Bridgestone paired off against Amazon and Sears.
• Idaho Infrastructure Faces Multibillion-Dollar Shortfall, ASCE Indicates
  Idaho received a C- on the American Society of Civil Engineers’ most recent infrastructure report card, and state transportation officials are willing to weigh funding mechanisms in order to finance needed maintenance and repairs.
• Postal Service’s Pricing Methodology Upheld by Appeals Court
  The U.S. Postal Service’s method to set prices for competitive services was upheld by the U.S. Court of Appeals for the District of Columbia Circuit on May 22.
• California Worker Status Rule Gives Employers Cause for Concern
  Are you an employee, and do you get all the benefits that come with it? Many California businesses wonder what the answer might now be for their workforce. And many may not like the answer under a new test recently adopted by the state Supreme Court.
• Security Forces Deployed as Trucker Strike Upends Brazilian Economy
  Brazil sank further into chaos May 25 as the fifth day of a nationwide truckers’ strike prompted the deployment of national security forces amid warnings of a calamity in one of world’s largest cities and potentially devastating livestock losses.