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...
Congress adopts ocean transportation legislation, which Biden intends to sign soon.
Congress easily adopted the first substantial revamp of regulations controlling US container shipments since 1998 on Monday, and President Biden is expected to sign the bill into law shortly. The Ocean Shipping Reform Act (OSRA) of 2022, the Senate's version of a reform bill enacted by the House in December,...