May Mobility Inc., a self-driving shuttle startup backed by the venture arms of Toyota Motor Corp. and BMW AG, raised $83 million in its largest funding round to date.
January 26, 2022Trucking 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.
Marten Transport Reports Revenue, Earnings Growth for Q4
Marten Transport saw revenue and earnings grow during the fourth quarter of 2021.
January 25, 2022CN Announces New CEO, Strong Q4 Results
Nearly a year after Canadian National Railway began pursuit of an ultimately unsuccessful $33 billion bid to merge with Kansas City Southern, the company will turn to Tracy Robinson, a former executive at one of CN’s rivals, as the railroad’s new president and CEO.
January 25, 2022FleetPride Acquires Assets of Nationwide Truck Service
FleetPride Inc. announced it acquired the assets of Nationwide Truck Service, a Louisville, Ky., company.
January 25, 2022Under-21 Driver Pilot Program Raises Carrier Reporting Concerns
While trucking industry trade groups have expressed support for a federal apprenticeship program that will train under-21 drivers to operate tractor-trailers across state lines, concerns are being raised that some of the initiative’s reporting requirements for motor carriers are overly burdensome.
January 25, 2022Transfix Adds Byars, Mosso to Executive Growth Team
Digital freight platform Transfix has added Guy Byars and Jennifer Mosso to the company’s executive team. The company announced that Byars will serve as senior vice president of carrier growth and Mosso as president of shipper growth.
January 25, 2022Vaccine Rule Raises Shipping Costs for Canadian Grocer
The head of one of Canada’s largest supermarket chains says the vaccine mandate for truckers crossing the U.S.-Canada border is raising the cost of shipping fresh food. But so far, it has had little impact on the retailer’s ability to stock shelves.
January 25, 2022US Taps Strategic Reserve for 13.4 Million Barrels of Oil
The U.S. Department of Energy announced the loan of 13.4 million barrels of crude oil from its strategic reserve as part of a renewed effort by the Biden administration to contain oil prices that have surged to their highest level since 2014.
January 25, 2022Daimler’s Richard Howard Envisions Transformation of Truck Financing
As technology continues to transform the commercial truck market, Daimler’s Richard Howard sees a similar evolution underway on the financial services side of the industry.
January 25, 2022N.J. Trucking Leader Myron ‘Mike’ Shevell Dies at 87
New Jersey trucking leader Myron "Mike" Shevell dies at 87 after a career in the industry that spanned decades.
January 25, 2022Trending
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