U.S. Department of Transportation Secretary Pete Buttigieg announced June 30 that the agency plans to award $905 million in grants through the Infrastructure for Rebuilding America program.
June 30, 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.
DP World Nears $1.2 Billion Deal for Logistics Firm Syncreon
DP World is nearing an acquisition of Syncreon Holdings Ltd. in a deal that could value the U.S. supply chain services company at about $1.2 billion, according to people familiar with the matter.
June 30, 2021Rand McNally Names Aaron Dannenbring as CEO
Rand McNally has appointed Aaron Dannenbring as its new CEO, the transportation technology company announced June 30.
June 30, 2021Mack to Sell LR Electric Refuse Trucks to DSNY
Mack Trucks announced the New York City Department of Sanitation plans to purchase seven Mack LR Electric refuse models, which will operate in each of the city’s boroughs.
June 30, 2021White House Sets Red Line Around Climate Goals in Reconciliation
Major climate measures sought by the White House that were left on the cutting room floor during infrastructure negotiations with Republicans will be non-negotiable items as the administration sets its sights on the next legislative vehicle, a White House official said June 30.
June 30, 2021As Car-Lot Inventories Dwindle, Sales Take a Turn for the Worse
A year ago, Ford Motor Co. dealer Rhett Ricart had a lot full of cars and hardly any customers. This year, he has a lot full of customers and hardly any cars.
June 30, 2021Navistar, Traton SE Merger Set to Take Effect
Navistar International Corp. announced it received all regulatory approvals necessary to proceed with the previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The deal is expected to close today.
June 30, 2021Workhorse Says It Didn’t Get a Fair Shot at USPS Van Award
The U.S. Postal Service didn’t give Workhorse Group Inc. a fair shot at a contract worth as much as $6 billion to build mail delivery vans, the maker of electric vehicles said in its challenge of the service’s decision to award the work to Oshkosh Corp.
June 30, 2021Cummins to Acquire 50% of Momentum Fuel Technologies
Engine maker Cummins Inc. announced it signed a letter of intent to acquire a 50% equity interest in Momentum Fuel Technologies, a provider of compressed natural gas fuel systems, from truck dealership Rush Enterprises Inc.
June 30, 2021FleetPride Partners With TRW for ZF Remanufactured Steering Gears
Aftermarket parts distributor FleetPride announced it reached a preferred supplier agreement to provide TRW-remanufactured steering gears from ZF.
June 29, 2021Trending
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