Business

In the past five years there were nearly 300 court cases resulting in jury verdicts over $1 million against trucking fleets, according to a new American Transportation Research Institute analysis made public on June 23.

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago.

Several transportation groups are calling on a Senate panel to direct the Federal Communications Commission to reconsider its proposal to shift a portion of auto safety airwaves for broadband uses.

Smaller U.S. airlines are likely to need more government aid amid an uncertain travel recovery, according to a trade group that represents discounters such as Spirit Airlines Inc., Frontier Airlines and Allegiant Travel Co.

At least 1 in 10 small businesses in the U.S. are expecting to lay off workers once their fiscal relief funds run out, according to a new survey.

Volvo Financial Services, a unit of Volvo Group, appointed Patrick Shannon president of the company’s North America region.

Thermo King announced the launch of the Advancer series, which it called “a re-imagining” of the trailer refrigeration unit.

Several West Coast electric utilities proposed a phased-in approach to electrifying Interstate 5 in an effort to reduce commercial vehicle emissions along the major freight corridor.

Executives from Tesla Inc. will use an unassuming job-type description in their pitch to a Texas county on the merits of the carmaker’s Cybertruck plant project.

Truck tonnage in May declined 9.6% compared with year-ago levels, the steepest seasonally adjusted year-over-year percentage drop since a 10.7% decline in June 2009, American Trucking Associations reported.