Author: Transport Topics

Roadrunner Sells Flatbed Operation

Roadrunner Transportation Systems Inc. announced the sale of its flatbed business unit for $30 million in cash, subject to customary purchase price and working capital adjustments.

Celadon Files for Bankruptcy, Shuts Down

Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.

Iveco, Nikola Begin Work on Battery-Electric Truck

Iveco, FPT Industrial and Nikola Corp. announced they have begun development of the joint venture’s first truck: the battery-electric Nikola TRE, which is based on the new Iveco S-WAY commercial vehicle platform and integrates Phoenix-based Nikola’s truck technology, controls and infotainment.