Latest News Updates From Richard Clough

BusinessTechnology

TrueCar to Go Private in $227 Million Buyout Led by Founder

Scott Painter, who started TrueCar in 2005 and took the company public, will return as CEO after the transaction closes.

October 15, 2025
BusinessLogisticsPrivate

CSX CEO Joe Hinrichs Abruptly Departs

CSX named Steve Angel as its new CEO as the railroad faces pressure from an activist investor and rising competitive challenges.

September 29, 2025
GovernmentBusinessSafety

NHTSA Investigates Rivian Delivery Vans Over Seat Belts

In multiple instances, the steel braided cable connecting the belt to the seat frame has frayed or broken.

September 24, 2025
GovernmentBusinessTechnologySafety

NHTSA Investigates Tesla Door Handle Failures

Safety agency cites incidents in which exterior door handles stopped working and trapped children inside.

September 16, 2025
GovernmentBusinessLogistics

CPKC Not Interested in Merger, Warns of Risks

The statement comes about a month after rival Union Pacific agreed to acquire Norfolk Southern in a cash-and-stock transaction valuing the company at about $72 billion.

August 26, 2025
GovernmentBusinessTechnologySafetyAutonomous

NHTSA Investigates Tesla Over Delayed Crash Reporting

Delays of "several months or more" were noted in reporting crashes involving driver-assistance technology.

August 21, 2025
GovernmentBusinessEquipmentSafety

Ford Recalls 700,000 Vehicles Over Issue That Caused Fires

Ford is recalling almost 700,000 vehicles to address a long-running issue over cracking in an auto part that can leak fuel into the engine and cause fires.

July 16, 2025
For-Hire

UPS Bolsters Health Unit With $1.6 Billion Deal for Andlauer

UPS Inc. agreed to acquire Canada’s Andlauer Healthcare Group Inc. for $1.6 billion, building out the package handler’s growing business transporting goods for health care customers.

April 24, 2025
GovernmentBusinessLogisticsGlobal Freight

US Postal Service Resumes Accepting Packages From China

The U.S. Postal Service on Feb. 5 said it’s accepting “all international inbound mail and packages” from China and Hong Kong Posts, hours after the agency announced a halt on some shipments.

February 5, 2025
GovernmentBusinessTechnologySafetyAutonomous

NHTSA Investigates Tesla’s Driverless Vehicle-Summon Feature

Tesla is under federal scrutiny over concerns that a newly released driver-assistance feature could result in crashes.

January 7, 2025