91��Ƶ

Federal prosecutors allege Patrick and Edward James used fake and inflated invoices to persuade lenders to provide billions of dollars in financing to First Brands. Both pleaded not guilty.

All Transport Topics articles are now available in audio. Listen on demand to narrated stories covering trucking and transportation news.

U.S. port activity experienced a December slowdown, closing out what began as an especially busy year. The Port of Los Angeles — the nation's busiest — saw volume decline 14% from 2024.

Founder Patrick James awaits trial on fraud charges stemming from the multibillion-dollar collapse of his auto parts supply business. He also must deposit $5 million in cash.

Sharing Ford's facility in Valencia, Spain, could allow Geely to avoid paying European tariffs on imports of made-in-China EVs, and boost output at a plant Ford has underutilized.

The Hong Kong-based conglomerate said in a separate stock exchange filing that it will “vigorously pursue” the case under the rules of the International Chamber of Commerce.

Demand for trucks did not improve as 2025 progressed and what carrier executives have characterized as the longest North American freight market downturn in a half-century continued.

New CFO Balaji Krishnamurthy has been with Uber for more than six years and is currently vice president of strategic finance and investor relations. Uber has agreed to purchase fleets of robotaxis.

Supply continues to expand at a record pace, with a projected 36% surge in new vessel capacity from 2023 to 2027. On the flip side, demand for container shipping is expected to contract 1.1% in 2026.

Landstar System Inc.’s revenue and earnings declined as market challenges continued in the fourth quarter of 2025, the company reported Jan. 28.