Canadian National Railway Co. dropped the most in eight months after saying that Jim Vena, a former executive favored by shareholder TCI Fund Management Ltd. to run the company, had dropped from consideration to replace CEO Jean-Jacques Ruest.
December 20, 2021Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Appeals Court OKs Private Employer Vaccine Mandate
A federal appeals court panel on Dec. 17 allowed President Joe Biden’s COVID-19 vaccine mandate for larger private employers to move ahead.
December 17, 2021Biden Crude Oil Release Moves Into Second Round
The Biden administration’s release of crude from U.S. emergency reserves to cool oil’s rally is going into a second round, with bids due by the first working day of the year.
December 17, 2021BrightDrop Delivers First Electric Vans to FedEx
BrightDrop, General Motors Co.’s new electric delivery and logistics business, has delivered the first five vans of an order of 500 to FedEx Corp., the company said Dec. 17.
December 17, 2021M&K Truck Centers Appoints Josh Wolf COO
M&K Truck Centers, with locations in four states, named Josh Wolf chief operating officer, effective immediately.
December 17, 2021Cruise CEO Dan Ammann Abruptly Leaves
Dan Ammann has abruptly left the CEO role at Cruise, the autonomous driving unit that is majority owned by General Motors.
December 17, 2021VW Bets on Scania to Lead Traton’s Challenge of Daimler, Volvo
Traton SE is banking on its Swedish Scania brand, one of the world’s most profitable truck makers, to beat a path to challenging industry leaders Daimler Truck AG and Volvo AB with newcomers like Nikola Corp. also making a push.
December 17, 2021Rivian Officially Announces Georgia Site of Plant
ATLANTA — Rivian Automotive was attracted to Georgia’s education system, resources and talent when choosing a site for its $5 billion battery and assembly plant, a company official said Dec. 16 as the project was officially announced.
December 17, 2021Driver Shortage Defines Trucking for 2021
The shortage of professional drivers quickly became the defining issue for the industry during the past year with its far-reaching effects.
December 17, 2021Transportation Groups Seek Federal Help to Ease Chip Shortage
A coalition of trucking, transportation and manufacturing stakeholders in letters sent to President Joe Biden, members of his Cabinet and congressional leaders expressed concern over how the persistent shortage of semiconductors needed for manufacturing new trucks is affecting the broader economic landscape.
December 16, 2021Trending
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