Oxbotica, a U.K. company that makes software for running autonomous vehicles, has raised $47 million in a fresh funding round that will go toward developing and deploying its products.
January 6, 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.
Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet
A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.
January 6, 2021Industry Comments Support FHWA Proposal on Infrastructure Design Standards
Public comments submitted to the Federal Highway Administration regarding a recent proposal that would allow more flexibility with design standards when repairing highways and interstates reflect an overwhelming show of support from industry groups and transportation agencies.
January 6, 2021Clarience Technologies Acquires Ecco Safety Group
Clarience Technologies announced it acquired Ecco Safety Group, which has nearly 50 years of experience in research, design, development, manufacturing and distribution of emergency lighting and audible warning equipment for commercial and emergency vehicles for global markets.
January 6, 2021Bison Transport Sold to Canada’s James Richardson & Sons
Bison Transport Inc., one of North America’s largest diversified fleets that has been in an expansion mode over the past few years, announced it was acquired by privately held James Richardson & Sons for an undisclosed amount, effective Jan. 1.
January 5, 2021TRB Hosting Virtual Annual Conference
The coronavirus pandemic’s impact on transportation modes, the role of transit, and technological advancements will dominate this year’s annual conference of the Transportation Research Board.
January 5, 2021Rivian Is Close to Raising Funds at $25 Billion Valuation
Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc. and Ford Motor Co., is close to raising a new round of funding valuing it at about $25 billion, according to people familiar with the matter.
January 5, 2021Exxon Reveals Petroleum Product Emissions Data for First Time
Exxon Mobil Corp. released emissions data on customers’ use of its petroleum products for the first time after coming under pressure from investors.
January 5, 2021Former ATA Chairman Dave Manning Retires From TCW
After more than three decades working for Nashville, Tenn.-based motor carrier TCW — including a more than 20-year stint as its president — as well as a year as chairman of American Trucking Associations, Dave Manning has decided to retire.
January 5, 2021MATS Postpones March Event
The 50th anniversary of the Mid-America Trucking Show has been postponed due to COVID-19 concerns.
January 5, 2021