Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company鈥檚 liquidation.
August 9, 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.
Proterra Got Millions in US Aid Before Bankruptcy
Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in COVID relief government aid.
August 9, 2023FRA Finds Norfolk Southern 鈥楽hould Be Doing More鈥 on Safety
OMAHA, Neb. 鈥 Norfolk Southern made recent improvements but is nowhere near the 鈥済old standard for safety鈥 it is striving to be, according to federal regulators.
August 9, 2023Metternick Hones His Trucking Craft for the Fun of It
It could be d茅j脿 vu all over again for FedEx Freight driver Ronald Metternick 鈥 Michigan's 4-axle champion 鈥 at the National Truck Driving Championships.
August 9, 2023Continental Cuts Guidance on Weak Truck Tire Sales
Weaker-than-expected North American and European commercial vehicle replacement tire sales in the second quarter of 2023 and through the remainder of the year forced Continental to cut revenue guidance for its tire unit and the company as a whole.
August 9, 2023Florida Lawmakers Grant $3.8 Million for CDL Training Site
Florida state Sen. Tom Wright presented a $3.8 million ceremonial check to an east-central school district to fund a new commercial driver license training facility.
August 9, 2023Cruise Tests Self-Driving Cars in Atlanta
San Francisco-based Cruise has begun testing its self-driving vehicles in Atlanta.
August 9, 2023Blink Sees Benefit From Shift to Tesla Charging Standard
The auto industry鈥檚 rapid shift to using Tesla鈥檚 charging standard for other electric cars will benefit Blink Charging Co., the company鈥檚 CEO said during its second-quarter earnings call.
August 9, 2023Postal Service Reduces Air Cargo by 90% Over Two Years
WASHINGTON 鈥 The U.S. Postal Service has reduced its volume of shipments by aircraft by 90% over two years, putting the service on course to save $1 billion in annual transportation costs.
August 9, 2023Rivian Will Build 52,000 EVs This Year, More Than Planned
Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market.
August 8, 2023Trending
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