Transport Topics Collects Three National Azbee Awards
Transport Topics has received three national awards from the American Society of Business Publication Editors, honoring TT’s “Wheels of Justice” series for the second year in a row.
May 13, 2022Bill Gates Sells $940 Million of CN Rail Stock
Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.
May 13, 2022Diesel, Gas Refining Capacity Too Low to Meet Demand
From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both U.S. travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.
May 13, 2022Ryder Gets $4.4 Billion Takeover Offer From HG Vora
Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.
May 13, 2022Mass. Bill to Repeal Rolling Stock Tax Would Aid Trucking Firms
A bill introduced in the Massachusetts Legislature aims to eliminate a tax on vehicles owned by motor carriers in the state.
May 13, 2022Hyundai Expected to Announce $7 Billion EV Plant in Georgia
ATLANTA — South Korean automaker Hyundai Motor Group is expected to announce next week that it is building an electric vehicle plant near Savannah, Ga., according to a U.S. official familiar with the anticipated announcement.
May 13, 2022U.S. Xpress Cuts 70 Corporate, IT Jobs
After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.
May 13, 2022Bridgestone Introduces New Tire Tread With Improved Wear Life
Bridgestone Americas announced the launch of a new drive tire tread that is engineered to increase retread value for fleets.
May 12, 2022Instacart CEO Courts Investors, Skeptics Ahead of IPO
Instacart Inc., a 10-year-old grocery delivery startup that was once one of the most highly valued of its gig-economy generation, is preparing to go public. CEO Fidji Simo now must convince investors that Instacart’s explosive growth during the COVID-19 lockdowns won’t fade along with the virus.
May 12, 2022More Steps Needed to Reach Zero-Emission Future, Executives Say
LONG BEACH, Calif. — Top executives at some of the largest companies in trucking said many factors must come together before the industry can fully advance toward a zero-emission future.
May 12, 2022