Since the outbreak, the trade scales have been heavily stacked against US importers and exporters. On Thursday, President Biden is set to sign the Ocean Shipping Reform Act. Importers are hoping that this reform, which gives the Federal Maritime Commission more authority, would help restore that balance. SONAR charts depict...
Trailer makers continue to put the brakes on new orders.
In May, trailer manufacturers continued to swat away most orders, keeping backlogs stable while dealing with supply chain interruptions that jumped from one part to the next. According to preliminary figures, net trailer orders in May totaled 18,300 units. According to ACT Research, this was down roughly 7% from April...
P.A.M. acquires Metropolitan for $77.4 million; the company’s first purchase in 19 years.
P.A.M. Transportation has made its first purchase in nearly 20 years. The truckload carrier announced the acquisition of Metropolitan Trucking Inc., based in the New York area, on Wednesday for a total consideration of $77.4 million. Metropolitan also transports truckloads. Prior to this, the most recent P.A.M. acquisition was McNeill...