Hyzon expects to start laying off U.S. employees in February if the hydrogen fuel cell electric truck maker cannot raise more funds or find a buyer, the company said Dec. 20.
December 20, 2024Fleet Equipment News
Commercial freight transportation is a machine-based business. Highly technical equipment and advanced engineering are at the center of supply chain and require constant innovation. Transport Topics equipment coverage focuses on the machines and other physical assets that make delivery possible. It looks closely at available truck, trailer, and chassis models, developments in the engineering space, and maintenance innovations and best practices.
Hyzon to Begin Layoffs in February Without More Funds, Buyer
China Races to Ship Batteries to US Before Tax Changes
Shipments of lithium-ion batteries to the U.S. jumped by 27% to $1.9 billion in November from a year earlier. The export tax rebate for batteries was cut to 9% from 13%.
December 20, 2024Court to Rule on TuSimple Governance, Cash Pile Fate in Q1
The Delaware Chancery Court ruled that TuSimple co-founder and former CEO Xiaodi Hou’s challenge to board selections and governance changes had enough merit to win the court’s time.
December 19, 2024Trailer Orders Slip 4% Year Over Year in November
U.S. trailer orders experienced another month trending below the year-ago results in November, ACT Research reported.
December 19, 2024Several States Targeted Predatory Towing in 2024
New laws to curb predatory towing practices were passed in five states in 2024, aiming to curtail abusive financial practices targeting ordinary motorists and commercial drivers alike.
December 19, 2024Trucking Grapples With Economy, Lawsuits, EV Rules in 2024
In 2024, trucking navigated infrastructure investments and lingering economic challenges. Pressing concerns were truck parking shortages, legal battles and nuclear jury verdicts.
December 19, 2024China's CATL Plans Expansion of Battery Swapping for EVs
XIAMEN, China — The world’s largest maker of batteries for electric vehicles said Dec. 18 it will get into battery swapping in China in a big way starting next year.
December 18, 2024November Medium-Duty Sales Slip 2.3% From 2023
U.S. retail sales of medium-duty trucks declined sequentially and on a year-over-year basis in November, according to data from Wards Intelligence.
December 17, 2024Volkswagen Negotiations Stumble Over Layoffs and Wages
If insufficient progress is made on a deal by early Dec. 18, the board of union IG Metall is prepared to hold a vote at the end of the week to pave the way for 24-hour walkouts.
December 17, 2024Freight Container vs Trailer
Trailers and containers both serve as cargo-carrying units but differ in design and usage. Learn more here.
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