Fuel-Tax Increases

The California state legislators passed a $52.4 billion, 10-year transportation bill to repair the state’s decaying roads and bridges.  The revenue will come via a hefty increase in gas and diesel taxes.  The plan calls for a 20 cents-per-gallon tax increase on diesel fuel, bringing it up to 36 cents.  Gas tax would increase to 39.8 cents per gallon from 27.8 cents today.  The taxes will be implemented in a 3-year process which calls for a 6 cent increase the first year followed by a 3 cent increase each of the next two years.  The increases are effective November 1, 2017.

By |April 28th, 2017|Blog|0 Comments

Knight & Swift To Merge

Two of the largest asset based carriers are merging and will become the largest truck-load carrier in the country under Knight-Swift Transportation Holdings, Inc.  The $6 billion deal will combine ownership, however the plan is to keep the trucking operations separate at this time.  They will operate a combined fleet of 23,000 tractors, 77,000 trailers, and 28,000 employees.  With a  combined revenue of $5.1 billion this will allow them to reinvest in the companies through purchasing technology, insurance, and equipment, which is vital for growth. Industry analysts suspect the time is right for more consolidations in the trucking industry such as this […]

By |April 28th, 2017|Blog|0 Comments

Central Freight Lines Purchases Wilson Trucking

As of 4/3/2017, it is official that the purchase of Southeastern based Wilson Trucking by Southwestern based Central Freight Lines has been finalized.  Wilson Trucking was established in 1926, in Fisherville, VA.  They were a third generation privately held LTL carrier with 29 strategically located terminals located in the Southeast allowing them to service a 9-state footprint of VA, MD, WV, TN, NC, SC, GA, MS, FL and the DC area.  Central will continue to serve these states and provide the same services that Wilson Trucking customers enjoyed, such as LTL, time-critical shipments and distribution services. This purchase will allow Central […]

By |April 25th, 2017|Blog|0 Comments

Asian Public Holidays

China May 1   Labour Day May 28-30   Dragon Boat Festival Hong Kong May 1   Labour Day May 3 Buddha’s Birthday May 30  Tuen Ng Festival Indonesia May 1  International Labour Day May 11 Waisak Day May 25  Ascension of Jesus Christ June 26-27  Idul Fitri Malaysia May 1  Labour D May 10  Waisak Day June 3  King’s Birthday June 25-26  Hari Raya Aidilfitri Singapore May 1  Labour Day May 10  Vesak Day June 25-26  Hari Raya Puasa Taiwan May 1  Labour Day May 29-30  Dragon Boat Festival Thailand May 1 National Labour Day May 10  Visakha Bucha Day Vietnam April 29 […]

By |April 25th, 2017|Blog|0 Comments