The Greenwich, Conn.-based company is working with financial advisers, said sources who asked not to be identified because the details aren’t public.
October 11, 2024Trucking 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.
GXO Considering Sale Amid Interest From Potential Buyers
Mexico Aims for Locally Made EVs to Rival Imports
Sheinbaum, a former energy researcher who made the small car part of her pledges in her Oct. 1 inauguration address, said the goal is for all components to be made locally.
October 11, 2024September Class 8 Retail Sales Fall 1.9% Year Over Year
U.S. Class 8 truck retail sales fell year over year in September for a second consecutive month and the eighth month out of nine so far in 2024. However, sales rose on a month-on-month basis.
October 11, 2024International Q3 Sales Jump 41% as OEM Clears Backlog
Sales at International soared in the most recent quarter after the truck and bus maker was able to clear a large part of a backlog of vehicles missing their mirrors.
October 11, 2024MCE 2024 to Showcase Trucking’s Importance
American Trucking Associations will stress the importance of professional drivers as part of its 2024 Management Conference & Exhibition in Nashville, Tenn.
October 11, 2024Florida Cleans Up After Hurricane Milton Tears Through
ST. PETERSBURG, Fla. — Florida residents repaired damage from Hurricane Milton and cleaned up debris Oct. 11 after the storm tore homes to pieces and flooded streets.
October 11, 2024Stellantis, Seeking to Revive Sales, Makes Leadership Changes
Stellantis announced a number of significant leadership changes, including the timing of CEO Carlos Tavares’ retirement as it struggles to revive sales in North America.
October 11, 2024Femsa Offloads Logistics Operations to Grupo Traxion
Mexican behemoth Fomento Economico Mexicano has agreed to sell logistics operations to Mexican trucking firm Grupo Traxion for $205 million as the conglomerate continues to shed assets.
October 11, 2024Elon Musk Unveils Tesla’s Cybercab
LOS ANGELES — Tesla unveiled its long-awaited robotaxi at a Hollywood studio Oct. 10, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available.
October 11, 2024EIA Cuts Diesel Price Forecast Despite Harvest Season Uptick
Forecasts for trucking’s main fuel, which alongside heating oil is part of the distillate portion of the crude barrel, softened over the past month even as retail prices edged higher.
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