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Updated: 2 hours 8 min ago

Northvolt Rescue on Verge of Unraveling as Cash Runs Short

Fri, 11/15/2024 - 16:26
Northvolt is scrambling to pull together emergency funding after a previous plan fell apart, according to sources, leaving the battery maker with dwindling options as it runs low on cash.

Uber Freight Launches Capacity-as-a-Service Solution

Fri, 11/15/2024 - 15:01
A capacity-as-a-service solution, Broker Access is designed to boost productivity, service levels and business growth for brokers, Uber Freight said.

SmithCo Develops Kingpin Housing for Side-Dump Trailers

Fri, 11/15/2024 - 14:24
SmithCo Inc. has developed a patent-pending kingpin housing for its side-dump trailers that’s intended to improve durability and reduce maintenance costs.

J.B. Hunt Promotes Trio of Executives

Fri, 11/15/2024 - 13:53
J.B. Hunt Transport Services recently announced a series of executive appointments.

Mack to Launch New Flagship Semi in 2025

Fri, 11/15/2024 - 12:42
Whether the tractor will be an update of Mack’s existing on-highway flagship, the Anthem, or a new model altogether is unclear.

Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals

Fri, 11/15/2024 - 12:31
The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled.

Legendary Trucker Gene England of C.R. England Dies

Fri, 11/15/2024 - 11:30
Gene England, a trucking industry legend, World War II veteran and beloved family man, died at the age of 105, C.R. England announced Nov. 14.

GXO Plans 400 More Layoffs This Year

Fri, 11/15/2024 - 11:21
GREENWICH, Conn. — GXO Logistics this year has laid off more than 500 employees in the U.S., while it plans to cut nearly 400 more positions across two sites, according to public records.

Cruise Admits to Falsifying Report Over 2023 Crash

Fri, 11/15/2024 - 10:46
Autonomous vehicle maker Cruise has admitted to a federal charge and agreed to pay a $500,000 fine in connection with a crash last year involving one of its vehicles that left a person injured.

Driverless Tech Firm Pony.ai Seeks Up to $195 Million in IPO

Fri, 11/15/2024 - 09:51
Pony.ai Inc. is looking to raise as much as $195 million from its U.S. initial public offering as automotive-related companies lead a modest pickup in Chinese listings.

Biden Races to Get Out Infrastructure Spending

Fri, 11/15/2024 - 09:03
Biden administration officials hope that projects funded under the $1 trillion infrastructure law and $375 billion climate law will endure beyond the president's term.

Workers at Canada’s National Postal Service Go on Strike

Fri, 11/15/2024 - 08:43
TORONTO — Workers at Canada’s national postal service are on strike after failing to reach a negotiated agreement with Canada Post.

General Motors Lays Off About 1,000 workers

Fri, 11/15/2024 - 08:30
DETROIT — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.

Volvo Aims to Raise Share of North American Truck Market

Fri, 11/15/2024 - 08:06
Volvo AB is seeking to increase its share of the North American truck market to a quarter by the end of the decade, from around 15% currently, with a range of new fuel-efficient vehicles.

Tesla, Rivian Drop on Report Trump Wants to End EV Credit

Thu, 11/14/2024 - 22:43
U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

Kuehne + Nagel Acquires Majority Stake in IMC Logistics

Thu, 11/14/2024 - 22:11
Kuehne + Nagel, a Switzerland-based global transportation and logistics company, acquired a majority stake in marine drayage provider IMC Logistics, it announced Nov. 14.

Truck Maker Nikola Trims 135 Staff in Cost-Cutting Move

Thu, 11/14/2024 - 16:18
Truck maker Nikola recently reduced staffing levels as it seeks to control costs.

Samsara-Motive Trade Secrets Litigation Enters New Phase

Thu, 11/14/2024 - 15:50
The ongoing legal battle between rival trucking technology vendors Samsara and Motive has entered a new phase as the former has filed additional litigation.

Port of Long Beach Smashes All-Time Record in October Surge

Thu, 11/14/2024 - 14:57
The Port of Long Beach moved nearly 1 million containers in October, beating a record set just two months ago.

CARB Rules Seen as Hindrance to Obtaining New Diesel Vehicles

Thu, 11/14/2024 - 13:18
Zero-emission vehicle sales in California over the past two years have been better than anticipated, but the transition to EVs has left some dealers challenged to obtain new diesel trucks.

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