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Transport Topics (March 7, 2023)

EPISODE · Mar 7, 2023 · 2 MIN

Transport Topics (March 7, 2023)

from Transport Topics · host Transport Topics

Autonomous trucking company Embark Trucks announced March 3 it is winding down operations and is exploring a liquidation or sale. Embark said it is laying off 70% of its workforce — 230 employees — and is closing offices in Houston and San Francisco. It also indicated to the remaining 30% of the staff that they are being kept on to facilitate the company’s shutdown. Embark has had a rocky history lately. The next step may be a liquidation, and the company is actively looking for a buyer. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transport Topics (March 7, 2023)

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