ZF Friedrichshafen AG announced it is investing $200 million in commercial vehicle transmission manufacturing in North America.
February 9, 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.
Aurora Partners With Toyota in Bid to Bring Autonomy to Masses
Aurora Innovation Inc., a Silicon Valley-based autonomous-driving startup with at least a $10 billion valuation, has agreed to a long-term strategic partnership with Toyota Motor Corp. and its supplier Denso Corp. that aims to mass produce autonomous vehicles and launch them on ride-hailing networks, including Uber’s, over the next few years.
February 9, 2021Uptake Expands Beyond Trial With PepsiCo
Uptake Technologies Inc. announced that the U.S. beverage and Frito-Lay divisions of PepsiCo have begun using its predictive maintenance software beyond the four-month trial period.
February 9, 2021Democrat Ron Bloom Named Postal Board Chair Amid Calls to Fire Louis DeJoy
The U.S. Postal Service, struggling with slow delivery following disruptive changes by Postmaster General Louis DeJoy, selected a Democrat as its board chairman.
February 9, 2021TFI Posts Increases in Profit, Revenue in Q4
TFI International Inc. reported an increase in both profits and revenue in the fourth quarter as it works toward completion of its acquisition of UPS Freight, the less-than-truckload and dedicated truckload divisions of UPS Inc., later this year.
February 9, 2021Democrats Cut Off Relief Checks at $200,000 Household Income
House Democrats are proposing to limit the next round of COVID-19 relief payments to households earning less than $200,000, after criticism that President Joe Biden’s $1.9 trillion stimulus package would benefit the rich.
February 9, 2021DTNA Announces Detroit Brand ePowertrain
Daimler Trucks North America announced its proprietary Detroit ePowertrain for the upcoming Freightliner eCascadia and Freightliner eM2 models, and plans a $20 million investment in its Detroit brand manufacturing facility that will serve as the North American source of Detroit ePowertrain components.
February 9, 2021Ritchie Bros. Taps Kari Taylor for Revenue Post
Ritchie Bros. announced Kari Taylor, president of North America sales, has been appointed to the newly created position of chief revenue officer.
February 9, 2021Hyzon SPAC Merger Includes $400 Million Investment
Fuel cell truck startup Hyzon Motors Inc. agreed to a merger with blank-check company Decarbonization Plus Acquisition Corp. in a deal that values the two combined at more than $2 billion.
February 9, 2021California Drivers Ask Appellate Court to Require Pay for Nondriving Work
A federal appeals court is being asked to overturn a lower court’s determination that state law does not require motor carriers to pay drivers separately for nondriving work such as inspections, refueling, and loading and unloading at docks, when drivers are paid on what’s known as a piece-rate basis.
February 9, 2021Trending
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