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Transportation Secretary Sean Duffy has closed 7,500 commercial driver training schools in a first year of enforcing federal laws governing trucking to increase road safety.

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.

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.

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.

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.

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.

Bankers are working on debt packages of around 2.5 billion euros to back a potential acquisition of Continental's industrial ContiTech unit, as a highly anticipated sales process kicks off.

Hyundai Translead tapped Hendrickson Fleet Solutions as its commercial vehicle dealer for New York and New Jersey, expanding regional access to the Hyundai Xcient Fuel Cell Class 8 truck.