Of Interest

ATSG Subsidiary Wins Contract for Flower Sortation System

Air Transport Services Group’s subsidiary TriFactor Solutions was awarded a contract to design and install a multi-divert sortation system in Xenia, OH, for Passion Growers of Miami. read more

IDC: U.S. Workforce Will be 60% Mobile by 2024

According to IDC, the U.S. mobile worker population will grow at a steady rate over the next four years, increasing from 78.5 million mobile workers in 2020 to 93.5 million mobile workers in 2024. IDC expects mobile workers will account for nearly 60% of the total U.S. workforce by 2024. read more

MUFG: Strong Rebound in Project Finance Led by Renewables, Swelling Infrastructure Funds

Project finance in the United States has staged a vigorous recovery — aided by the ability of banks to provide liquidity, low funding costs and a more liquid bond market — since the initial dampening effect of the COVID-19 pandemic, according to MUFG’s project finance team. read more

ABI: Examining ‘Mothball Motions’ for Bankrupt Retailers During COVID-19 Pandemic

Since the start of the COVID-19 pandemic, courts have alleviated some financial burdens of bankrupt retailers by granting “mothball motions,” allowing companies to shelve post-petition rental payments, according to an article in the August ABI Journal. read more

Penske Truck Leasing Expands Business in Ohio

Penske Truck Leasing is now offering full-service truck leasing and contract truck fleet maintenance in Norwalk, OH, after moving into a new facility in the region in July. read more

IDC: Global Spending on AI to Double by 2024

According to IDC, global spending on artificial intelligence (AI) is forecast to double during the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024. read more

Food Logistics Names Rider a Top Third-Party Logistics and Cold Storage Providers

Ryder System, a provider of supply chain, dedicated transportation and commercial fleet management solutions, was listed among Food Logistics’ Top Third-Party Logistics and Cold Storage Providers for 2020.  read more

Construction Equipment Market to Surpass $100B by 2027

According to a report from Allied Market Research, the global construction equipment rental industry was pegged at $90.99 billion in 2019 and is expected to reach $106.42 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027. read more

Locomation & Wilson Logistics Complete Autonomous Freight Delivery Pilot Program

Locomation completed its first-ever on-road pilot program transporting commercial freight via an Autonomous Relay Convoy in partnership with Wilson Logistics. read more

GNA Finds Sustainable Vehicle Technologies and Fuels Growing Across Sectors

According to Gladstein, Neandross & Associates, 98% of fleets expect to increase or continue the same level of use of sustainable vehicle technologies and fuels. In addition, sustainability is the top motivator for purchasing decisions when deploying clean vehicle technologies. read more

Cummins and Navistar Extend Long-Term Agreement

Cummins and Navistar extended their long-term agreement through the next two emission cycles, with Cummins selected as Navistar’s preferred supplier of medium-duty and heavy-duty big bore engines for International Trucks and IC Buses in the U.S. and Canada. read more

Penske Truck Leasing Expands Heavy-Duty Electric Vehicle Charging Network

Penske Truck Leasing opened its sixth heavy-duty electric vehicle charging station in Southern California. read more

Alpenglow Rail, CC&L Infrastructure Acquire USA Rail Terminals

Alpenglow Rail partnered with Connor, Clark & Lunn Infrastructure to acquire USA Rail Terminals from the High Roller Group and Jim Donnan Companies, both family-controlled investment companies based in Center, TX. read more

ISM: PMI at 68.9% in July 2020 Hospital Report on Business

Economic activity in the hospital subsector grew in July for the second consecutive month, according to the nation’s hospital supply executives in the latest Hospital ISM Report on Business. read more

CarrierHQ and Comdata Join Forces to Increase Fleet Efficiency

CarrierHQ is offering a new service with Comdata to help carriers increase fleet efficiency. With this partnership, Comdata, a provider of B2B payment technologies, will provide CarrierHQ fleets access to Comdata's OnRoad Card, a mobile-first fuel and funds card for the trucking industry. read more

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Terry Mulreany
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