The Marelli Corp. headquarters in Saitama, Japan. (Kiyoshi Ota/Bloomberg) Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt burden and restructure under new ownership, according to people familiar with the matter. Should the ...more
The Morning Midas was still burning on June 9. (U.S. Coast Guard) The U.S. Coast Guard released images of a ship that was abandoned in the Pacific Ocean after catching fire last week. The fire on board the Morning Midas vessel continues to burn, its manager said June 10, after breaking out on June 3 ...more
Haul, headed by two former Uber Freight employees, specializes in artificial intelligence compliance and safety automation technology. (Fleetworthy) Safety and compliance software specialist Fleetworthy will acquire Haul for an undisclosed sum, the companies said June 10. Haul, headed by two former Uber Freight employees, specializes in artificial intelligence compliance and safety automation technology. The AI-powered ...more
The Cosco Shipping France containership is moored at the Long Beach Container Terminal at Middle Harbor in the Port of Long Beach in April. (Damian Dovarganes/AP/File) The World Bank on June 10 cut its forecast for global growth this year and warned that the 2020s are on track for the weakest performance for any decade ...more
A Mitsubishi Fuso eCanter electric truck. (Shoko Takayasu/Bloomberg) Toyota Motor Corp. and Daimler Truck have agreed to finalize a merger of their truck manufacturing subsidiaries, Hino Motors Ltd. and Mitsubishi Fuso Truck & Bus, under a new holding company by April 2026 as they seek to boost margins and develop new technologies. Toyota and Daimler ...more
From left: Jamieson Greer, Lutnick, Bessent, Chinese Vice Premier He Lifeng and other delegation members on June 9. (Li Ying/Xinhua via AP) The U.S. and China resumed talks into a second day in London, with financial markets on edge as the world’s largest economies try to agree to allow exports of key tech and industrial ...more
Shipper Intent Data captures signals such as shipper profile views, searches for specific capacity types or lanes, and competitor engagement. (1933bkk/Getty Images) A new tool from CarrierSource tracks when shippers are searching for freight capacity or browsing competitors, giving logistics firms a view into buyer behavior as it happens. Launched June 10, the Shipper Intent ...more
Trump hasn’t been directly involved in the negotiations and would need to sign off on any deal. (Mauricio Palos/Bloomberg) The U.S. and Mexico are closing in on a deal that would remove President Donald Trump’s 50% tariffs on steel imports up to a certain volume, according to people familiar with the matter, a revamp of ...more
FMCSA established the NCCDB to receive and manage the handling of complaints about allegations of commercial motor vehicle regulation violations. (DOT via Facebook) The Federal Motor Carrier Safety Administration is seeking public input by July 7 about its planned revision to the National Consumer Complaint Database that handles complaints against unsafe and unscrupulous companies and/or ...more
A worker stocks shelves in a Whole Foods in New York. (Yuki Iwamura/Bloomberg) United Natural Foods Inc., a grocery distributor for Amazon Inc.’s Whole Foods Market, is working to bring systems back online by June 15 and resume product deliveries after a cyberattack disrupted its operations, leaving some store shelves barren of ice cream, bread ...more
