Bendix Commercial Vehicle System announced it acquired full ownership of Bendix Spicer Foundation Brake, the joint venture it formed in 2004 with Dana Inc. Bendix is a subsidiary of Germany-based Knorr-Bremse.
October 5, 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.
Market Gets Harsh Reminder That COVID Is Its Elemental Risk
In 24 hours, investors have learned the jobless rate dropped, Tesla Inc. built more cars than forecast and that someone is back making huge options trades in tech megacaps. None of it mattered in markets captivated by news that not even the White House is safe from COVID-19.
October 2, 2020GM Considers Boosting Stake in Nikola in Reworked Deal
General Motors Co. is considering revisions to its deal with embattled Nikola Corp., according to people familiar with the discussions, and may seek a higher stake in the startup now that its valuation has fallen after allegations of deception.
October 2, 2020Kenan Advantage Group Acquires Canadian-Based Paul’s Hauling
Kenan Advantage Group has completed its acquisition of Paul’s Hauling Ltd.
October 2, 2020Pelosi Optimistic on Relief, Says Trump’s Illness Alters Dynamic
House Speaker Nancy Pelosi said negotiations on a new stimulus with the White House will press ahead and President Donald Trump’s COVID-19 diagnosis might change the tenor of the talks by emphasizing the seriousness of the pandemic.
October 2, 2020PennDOT Extends Expiration Dates for Commercial Licenses, Permits
As a response to statewide efforts to combat COVID-19, the Pennsylvania Department of Transportation has extended expiration dates pertaining to commercial driver licenses.
October 2, 2020Hyliion Goes Public on NYSE
Hyliion Inc., announced it has completed its business combination with Tortoise Acquisition Corp. That cleared the way for the combined company to be renamed Hyliion Holdings Corp. and its common stock to be listed as HYLN on the New York Stock Exchange.
October 2, 2020Tesla Inches Near Annual Goal With Record Sales in Quarter
Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales — making a difficult year-end sales goal slightly more attainable.
October 2, 2020US Jobs Rise Less Than Forecast as Economic Rebound Downshifts
U.S. job gains slowed in September and many Americans quit looking for work, suggesting the economic recovery is downshifting as the country struggles without a COVID-19 vaccine or fresh government aid.
October 2, 2020Shyft Group Acquires Aluminum Truck-Body Maker F3 MFG
The Shyft Group has acquired aluminum truck body and accessory manufacturer F3 MFG Inc., it was announced Oct. 1.
October 1, 2020