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Outlook Brighter for Trucking M&A Market in 2024

The trucking acquisition market is looking to enter a more active year with market conditions likely to drive buyers and sellers to the table in 2024, according to the Tenney Group.

January 19, 2024

Stellantis CEO Says Pace of EV Push Hinges on Elections

Stellantis NV CEO Carlos Tavares said elections in the U.S. and Europe this year will dictate how quickly he can execute his 30 billion euro investment plan in electric vehicles.

January 19, 2024

AI, Analytics, Automation Drive the Development of TMS

Transportation management systems have evolved to provide real-time data and advanced analytics to improve freight visibility and fleet decision-making.

January 19, 2024

Red Sea Attacks Disrupt Food Trade, Risk Higher Grocery Costs

Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.

January 19, 2024

Cummins, Daimler, Paccar Pick Site for Battery Plant Venture

Accelera by Cummins, Daimler Trucks & Buses US Holding and Paccar Inc. on Jan. 18 selected Marshall County, Miss., as the manufacturing site for their planned battery cell joint venture.

January 19, 2024

Ford Cuts Workforce Making Electric F-150s on Weak Demand

Ford Motor Co. said that it would reduce the number of workers making its F-150 Lightning truck as demand for electric vehicles continues to weaken.

January 19, 2024

FMCSA Leader Robin Hutcheson Is Leaving Agency

Robin Hutcheson will step down as leader of the Federal Motor Carrier Safety Administration on Jan. 26, the agency said Jan. 19.

January 19, 2024

CMA CGM, Subsidiary Ceva to Buy UK Logistics Firm Wincanton

French shipping giant CMA CGM SA agreed to buy U.K. logistics company Wincanton Plc, part of the billionaire Saade family’s buying spree to diversify its transport operations.

January 19, 2024

AI, Edge Computing Are Shaping the Future of Fleet Telematics

With trucks and in-cab technology generating data, fleet telematics providers are harnessing artificial intelligence to transform that information into valuable business insights.

January 19, 2024