Ritchie CEO Promotes Merits of IAA Deal Ahead of Vote Showdown
Ritchie Bros. Auctioneers Inc. has the potential to double its share price if it takes over IAA Inc., its CEO said as she launches a final push to fend off opposition from some shareholders to the deal.
February 13, 2023TMC Annual Meeting to Spotlight Root Cause Analysis
Root cause analysis will be in the spotlight during the Technology & Maintenance Council Annual Meeting and Transportation Technology Exhibition in Orlando, Fla., on Feb. 27-March 2.
February 10, 2023Tesla Semi Skepticism Lingers Months After Musk’s First Delivery
While Tesla's first Semi delivery to PepsiCo was cause for celebration, there’s still a lot of uncertainty as to just how meaningful the Semi will be to Tesla’s business.
February 9, 2023Reported Cargo Thefts Increased 20% in 2022
The transportation sector experienced an estimated 20% jump in reported cargo thefts amid changing criminal tactics in 2022.
February 9, 2023Nissan Reports Better Profit as Chip Crunch Eases
TOKYO — Nissan reported a 55% jump in its October-December profit on Feb. 9, as the Japanese automaker gears up for a less-bumpy journey with its French alliance partner Renault.
February 9, 2023Electric, Autonomous Trucks Hold Promise, Executives Say
LAS VEGAS — Autonomous and electric-powered trucks hold great potential to improve safety and efficiency in the freight transportation sector, but it will take time for these emerging technologies to overcome various market challenges and achieve widespread commercialization, industry executives said.
February 8, 2023Another $237 Million for Honda Battery Plant Project in Ohio
COLUMBUS, Ohio — Ohio’s privatized economic development office has finalized an agreement with Honda to infuse $237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub.
February 8, 2023January Class 8 Truck Orders Continue Monthly Decline
North American Class 8 orders in January hit 18,400 units, continuing a monthly decline since peaking in September, ACT Research reported.
February 8, 2023Maersk Sees Global Trade Contracting as Much as 2.5% in 2023
A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.
February 8, 2023Supply Chains Must Change, Says Maersk’s Ditlev Blicher
Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.
February 8, 2023