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Distressed-debt giants Oaktree Capital Management and Anchorage Capital have amassed positions in the bankruptcy financing for First Brands Group.

Some fleet operators are mitigating the struggles of driver retention by fine-tuning their driver compensation programs and structuring operations to offer lifestyle improvements.

After implementing substantial driver pay increases in recent years, carriers are now looking to protect their margins in a freight market downturn without cutting wages and risking capacity.

Industrial banks allow the companies to accept deposits insured by FDIC into savings accounts, which then can generate earnings and greater savings opportunities for consumers.

Christopher Smith, who has led Ford’s global efforts on legislation, regulation and government policies worldwide since 2022, is expected to depart the automaker, Bloomberg reports.

 ATA President Chris Spear again called on congressional policymakers to tackle growing concerns linked to fraudulent CDL mills during Capitol Hill testimony Jan. 21.

U.S. Class 8 retail truck sales capped off what has been a generally down year with a sequential boost in December, according to data from Omdia Automotive.

The Detroit-based manufacturer also said it will likely end output of its all-electric Chevrolet Bolt that’s built in the Kansas plant in about a year and a half.

Volkswagen ended up with more cash in its automotive division than forecast in 2025 as the German carmaker delays projects and investments as part of an overhaul of its EV strategy.

Ontario Premier Doug Ford doubled down on opposition to Canada’s trade truce with China, warning that opening the door to Chinese EVs risks gutting the Canadian sector.