Farizon Auto, Zhejiang Geely Holding Group Co.鈥檚 new energy commercial vehicle brand, is considering raising as much as $300 million in fresh funds ahead of a potential U.S. initial public offering, according to people familiar with the matter.
March 24, 2023Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Ford: Tennessee EV Plant Could Make 500,000 Trucks a Year
Ford Motor Co. projects its electric F-Series pickup factory under construction in Tennessee will ultimately produce half a million trucks a year, about 40% more than the company forecast in November.
March 24, 2023Walmart Cuts Staffing Levels at Some E-Commerce Warehouses
Walmart Inc. is cutting staffing levels at some e-commerce fulfillment centers in the U.S. as the nation鈥檚 largest private-sector employer steps up investment in automation.
March 23, 2023Buttigieg Defends FY24 Budget on Capitol Hill
The safety and connectivity of the transportation system would improve with adoption of President Joe Biden鈥檚 fiscal 2024 budget request, Secretary Pete Buttigieg told senators March 23.
March 23, 2023US Transborder Truck Freight Jumps 13% in January
North American transborder truck freight in January jumped nearly 13% year-over-year, according to Bureau of Transportation Statistics figures released March 22.
March 23, 2023Congressional Democrats Push Back on GOP鈥檚 Energy Agenda
As House Republicans prepare to consider a comprehensive energy proposal, the leader of the U.S. Senate insisted that the legislative package would not advance to the president鈥檚 desk.
March 23, 2023Canada, IBM to Announce Chips Pact Amid Biden-Trudeau Visit
Canada and International Business Machines Corp. will announce a high-level agreement on expanding semiconductor cooperation on March 24, during President Joe Biden鈥檚 visit to Ottawa.
March 23, 2023New Trucking Coalition Focuses on Clean Energy
A broad-based group representing motor carriers, truck manufacturers and truck dealers has launched a coalition intended to serve as a voice for key trucking industry stakeholders.
March 23, 2023New 91视频 Sales Unexpectedly Rise, Showing Some Stabilization
Sales of new U.S. homes unexpectedly rose in February after a downward revision to the prior month, suggesting the housing market is beginning to stabilize after a tumultuous year
March 23, 2023Vote on FAA Nominee Delayed Amid GOP Opposition
A vote on President Joe Biden鈥檚 choice to run the Federal Aviation Administration was delayed indefinitely March 22 in the face of an opposition blitz by Republicans, who say the nominee lacks enough experience in aviation to lead the agency, which is under pressure to stem a surge in dangerous close calls between planes.
March 23, 2023Trending
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