FedEx Corp. and UPS Inc. are girding for their biggest test yet in the e-commerce era, with āChristmas Creepā pushing the holiday shopping season ever earlier and stretching the limits of shipping networks already strained by the COVID-19 pandemic.
November 13, 2020Trucking 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.
Kristy Knichel, Jodie Teuton Tie for Women In Trucking Award
Kristy Knichel, CEO of Knichel Logistics, and Jodie Teuton, vice president of Kenworth of Louisiana, won the Women In Trucking Associationās Influential Woman in Trucking award, marking the first time the contest resulted in a tie.
November 13, 2020EV Optimism Surges on Prospect of Biden Administration
Electric vehicle startups extended their winning streak on Nov. 13, buoyed by strong earnings results from some of their peers and Joe Bidenās projected presidential win.
November 13, 2020Ford May Build Batteries to Power New Wave of EV Models
Ford Motor Co. is considering building the batteries to power a fleet of new electric vehicles as it prepares to cut back production of engines for its traditional gasoline-powered models.
November 13, 2020KAG Completes Acquisition of Fort Transfer Co.
The Kenan Advantage Group Inc. announced it completed the acquisition of Fort Transfer Co. in Morton, Ill.
November 13, 2020Meritor Announces CEO Succession Plan
Meritor Inc. announced Jay Craig, CEO and president, will transition to the role of executive chairman of the board of directors on Feb. 28, 2021. Chris Villavarayan, executive vice president and chief operating officer, will succeed him in both roles, and will join the board.
November 13, 2020Electric Trucks Have Qualities to Improve Diversity, Panelists Say
The growing world of electric truck operations offers an opportunity to increase diversity in the industry, experts addressing the Women In Trucking Associationās annual conference said.
November 13, 2020October US Trailer Orders Soar to Third-Highest Level Ever
U.S. trailer orders for October soared to 54,200, the third-best in industry history, ACT Research reported, citing trailer makersā preliminary market estimate.
November 13, 2020US Consumer Sentiment Unexpectedly Declines on Economic Views
U.S. consumer sentiment unexpectedly declined in early November as an increase in COVID-19 infections and the election prompted Americans to reassess their outlooks for the economy and finances.
November 13, 2020VW Boosts Tech Spending Within $177 Billion Investment Plan
Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the COVID-19 pandemic roils markets.
November 13, 2020