Category: News

As technology systems helped advanced collaborative freight movements among brokers, carriers and shippers, thieves also have targeted the sector as an area ripe for fraud.

PepsiCo Inc. is eliminating some corporate roles as well as jobs in its U.S. foods divisions, the company said.

Brokers make a distinction between co-brokering, done legitimately as a necessity in a fast-paced business environment, and double-brokering, often done by fraudsters.

Nissan shares jumped after the Financial Times reported that a high-level Japanese group has drawn up plans to seek investment from Elon Musk’s Tesla Inc. to aid the struggling carmaker.

KKR & Co.’s revived attempt to potentially sell container and logistics services provider Goodpack has attracted interest from global investment firms including Apollo Global Management.

President Donald Trump is focusing on the revenue his tariffs would generate as he seeks to get tax cuts through Congress, pointing to an ominous path for countries trying to avoid a trade war.

Fuel card skimming has become an increasing threat to the financial security of truck fleets, but industry leaders have been making progress addressing the issue over the past year.

The Brampton plant, which employed about 3,000 workers, is currently being retooled to build electric and and gas-powered vehicles for the Jeep brands.

Rivian Automotive said its electric-vehicle deliveries this year will fall short of Wall Street estimates as potential policy shifts in Washington threaten to further dampen EV demand.

Canadian trucking and logistics company TFI International Inc. said it will move its headquarters to the U.S., earning criticism from one of its largest shareholders.