Business

With the combination of increasing prices and interest rates, supply chain shortages and the rise of electrification, fleets are collectively at a tipping point. With these market conditions, are more trucking companies looking for alternative options, such as leasing, to purchase new units to hedge their uncertainty?

Attention trucking technology and logistics leaders! This quarter's can't-miss virtual learning sessions are here. Join conversations between Transport Topics reporters and expert guests centered on the rising trends and issues in technology and freight logistics. 

DETROIT — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.

The immediate future of the global supply chain rests on a bargaining table in San Francisco, where the union representing all West Coast dockworkers is hashing out a new contract with the assembled bosses of maritime shipping.

NASHVILLE, Tenn. — Roadrunner Vice President of Capacity Dave Renfrew was named recruiting professional of the year at the 2022 Recruitment and Retention Conference on June 3.

The U.S. is ordering refiners to boost the use of biofuels such as corn-based ethanol, as the Biden administration tries to strike a balance between competing political and economic pressures while gasoline prices soar.

Tesla Inc. is facing stepped-up scrutiny from U.S. regulators who have received 758 complaints of cars made by the company that suddenly brake at high speeds, more than double the number of reported incidents earlier this year.

North American Class 8 orders slid to 14,000 units, ACT Research reported, citing truck makers’ preliminary data, as underlying conditions that had held back order intake sharply in April, compared with all recent months but one, were little changed.

Electric carmaker Tesla Inc. needs to cut staff by around 10%, CEO Elon Musk said, noting he had a “super bad feeling” about the economy, according to an internal email seen by Reuters.

California regulators on June 2 gave a robotic taxi service the green light to begin charging passengers for driverless rides in San Francisco, a first in a state where dozens of companies have been trying to train vehicles to steer themselves on increasingly congested roads.