A judge approved adding independent directors to Kal Freight’s board after the bankrupt trucking firm was accused of double-pledging its trucks as collateralÌýto obtain financing.
December 11, 2024Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Microsoft Sees $800 Million Charge on Stake in GM’s Cruise
Microsoft Corp. plans to take an $800 million charge after General Motors Co. said it was shutting down its autonomous taxi initiative.
December 11, 2024Tesla Shares Jump to Record Amid $515 Billion Rally
Tesla shares climbed to a record for the first time since November 2021, buoyed by optimism the company’s self-driving ambitions can get a boost under the forthcoming Trump administration.
December 11, 2024Trucking: Demand and Capacity Edge Closer to Equilibrium
The trucking sector is nearing balance as freight demand rises and capacity tightens, according to ACT Research Co.'s latest indices. Story by Connor D. Wolf.Ìý
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December 11, 2024Revolutionize Customer Engagement with CloneOps.ai
Learn howÌýÌýempowers your team by handling repetitive tasks with AI-driven precision, freeing your talent for strategic, high-value work. Ready to redefine customer engagement? Read our white paper today!
October 1, 2024Struggling Nissan Shuffles Executive Team
Nissan is overhauling its executive bench, seeking to bring in new talent to turn around the Japanese carmaker that’s facing eroding profits and a dearth of revenue-generating products.
December 11, 2024US Considers New Russia Oil Sanctions to Weaken Putin
The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine.
December 11, 2024Hershey’s Main Owner Rejects Mondelez’s Offer as Too Low
The main owner of chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International Inc., people familiar with the matter said.
December 11, 2024More Alleged Participants Indicted in Staged Truck Accidents
An indictment in a New Orleans-area scheme to stage crashes with tractor-trailers names two law firms, two individual attorneys and multiple participants in a sweeping conspiracy.
December 11, 2024Hershey Could Be More Open to Mondelez Takeover
Mondelez International’s latest overture to Hershey underscores the challenges posed by high cocoa prices and penny-pinching consumers, which could make the company more open to a deal.
December 11, 2024