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.
Category: News
Japan Group Reportedly Seeks Tesla Investment in Nissan
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’s Sale of Logistics Provider Goodpack Attracts Investors
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.
Trump’s Growing Focus on Tariffs Raises Odds of Trade War
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.
Trucking Fights Back Against Fuel Card Skimming
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.
Stellantis Pauses Jeep Compass, Ontario Plant Operations
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 Reports Profit but Cuts 2025 EV Sales Forecast
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.
TFI’s Decision to Relocate to US Sparks Controversy
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.
TFI Q4 Profit Slumps 33% on Higher Costs, Tonnage Decrease
The Montreal-based carrier saw its truckload unit revenue jump 64% to $693.2 million, but revenue at the LTL and Logistics divisions fell by 13% and 14%, respectively.
InCharge Energy, DLL Team Up on EV Charging Expansion
The companies announced the agreement Feb. 18, saying the goal is to lower financial barriers for organizations looking to transition to electric vehicles.