Department of Justice
- Container
US blocks merger of global container suppliers over market concentration
The U.S. Justice Department on Thursday blew the whistle on the planned acquisition of a large container manufacturer by a Chinese company.
Read More » - Air Cargo
Delta Air Lines paying $10.5M for alleged cheating of Postal Service
Delta is the latest airline to settle charges of defrauding the U.S. Postal Service on mail transport contracts.
Read More » - Air Cargo
UPS coughs up $5.3M over alleged Postal Service fraud
Fake timestamps helped UPS collect full payment for U.S. Postal Service deliveries, federal authorities say.
Read More » - Electric Trucks
Nikola projects production of 300-500 battery-electric trucks in 2022
Electric truck maker Nikola projects it will build 300-500 battery-electric trucks this year and post up to $150 million in revenue.
Read More » - Container
‘Collusion’ drumbeat leads to multilateral probe of shipping lines
Several trade and transport groups claim ocean carriers should lose special antitrust privileges and face stricter regulatory enforcement of shipping laws.
Read More » - Electric Trucks
Nikola settles with SEC, agrees to pay $125M fine over 2 years
Nikola avoids admitting wrongdoing, but the SEC lays out a litany of misdeeds that led to the $125 million settlement.
Read More » - Electric Trucks
Judge denies venue change for Trevor Milton’s fraud trial
The Nikola founder fails in the bid to get his fraud trial moved out of New York to Arizona or Utah, where his wife is…
Read More » - Legal issues
Legal match over fate of AB5 has new player: US solicitor general
SCOTUS’ request for input on the CTA case suggests it is interested in the question of state versus federal preemption, and trucking attorneys are happy…
Read More » - Electric Trucks
Starting over: Workhorse overhaul could lead to more than electric vans
Suspending electric van production, converting debt to equity and reducing cash burn are among the new CEO’s early moves at the troubled Workhorse Group.
Read More » - Electric Trucks
Nikola will push indicted founder to reimburse expected $125M SEC fine
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek…
Read More »