Flexport CEO Dave Clark is abruptly leaving the startup after a year, making way for the return of founder Ryan Petersen and highlighting pressure on startups in the logistics industry.
September 7, 2023Trucking 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.
Former Ford, VW Executives Start Stack AV
The founders of the former self-driving unit of Ford Motor Co. and Volkswagen AG are launching a new autonomous trucking startup, Stack AV,聽 with backing said to be more than $1 billion.
September 7, 2023Jaxport to Buy Two Ship-to-Shore Cargo Cranes
Florida state legislators have given Jacksonville Port Authority officials a $30 million check to purchase two new ship-to-shore container cranes for the Blount Island Marine Terminal.
September 6, 2023TFI Buys Tank Truck Specialist Vedder in Ninth Deal of 2023
TFI International Inc. acquired tank transport specialist Vedder Transportation Group, the company said, in what was its ninth acquisition so far in 2023.
September 6, 2023Fain: Strike is 鈥楾he Plan鈥 if Deals Not Reached Next Week
The head of the United Auto Workers warned Sept. 6 that the union plans to go on strike against any Detroit automaker that hasn鈥檛 reached a new agreement by the time contracts expire next week.
September 6, 2023US Trade Deficit Widened by Less than Expected in July
The U.S. trade deficit widened in July by less than forecast, reflecting an increase in exports of cars and services.
September 6, 2023FAA Clears UPS Drones for Longer Flights
Two more companies including UPS have been granted approval to fly drones beyond the sight of ground operators in a key step that could eventually enable widespread package delivery.
September 6, 2023ELeapPower Brings Integrated Inverter to Medium-Duty BEVs
MUNICH 鈥 Canadian startup eLeapPower said it is bringing its integrated power electronics to the medium-duty battery-electric truck market in North America.
September 6, 2023Carmakers Are Failing the Privacy Test
BOSTON 鈥 Cars are getting an 鈥淔鈥 in data privacy. Most major manufacturers admit they may be selling your personal information, a new study finds.
September 6, 2023Daimler, Cummins and Paccar Partner on EV Battery Plant
Daimler Truck Holding, Accelera by Cummins and Paccar are investing billions in a joint venture to advance battery cell production in the U.S.
September 6, 2023Trending
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