One of the world’s biggest shipping companies just issued a downbeat assessment of the global economy, saying container demand will fall as much as 4% this year.
November 2, 2022Search
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Tesla Gives Demo to California DMV Probing Self-Driving Claims
Tesla Inc. demonstrated a beta version of its driver-assistance system for California transportation officials, including outside consultants the automaker previously sought to bar from the event.
November 1, 2022Eaton Notches Record Quarterly Segment Margins of 21.2%
Diversified supplier Eaton Corp. reported lower net income and higher revenue in the third quarter as it notched record quarterly segment margins of 21.2% — above the high end of guidance and 1.3% above the same quarter in 2021.
November 1, 2022Embark Launches Nine Sites for Pilot Operations
Embark Trucks Inc. announced the launch of the nine-site, coast-to-coast backbone of the Embark coverage map, preparing key Sun Belt markets to be served by fleet partners.
November 1, 2022Congress Looks to States for Highway Trust Fund Revenue Solution
As electric vehicles appear more and more to be the future of transportation in America, the decades-old method of funding the nation’s roads and bridges with gasoline taxes will soon be a relic of its past.
November 1, 2022Derek Leathers Named New ATRI Chairman
Derek Leathers, CEO, president and chairman of Werner Enterprises, is the new chairman of the American Transportation Research Institute, it was announced Nov. 1.
November 1, 2022TuSimple Fires CEO Xiaodi Hou Amid Investigation
Self-driving truck technology developer TuSimple announced it terminated Xiaodi Hou, the company’s CEO, president and chief technology officer, and removed Hou from his position as chairman, effective Oct. 30.
October 31, 2022XPO Spinoff RXO Officially Launches
XPO Logistics Inc. turned its tech-enabled brokered transportation platform, RXO, into an independent, publicly traded company Nov. 1.
November 1, 2022EVs Become a Debate Topic Ahead of Midterm Elections
Heading into November’s midterm elections, many Republican candidates are seeking to capitalize on voters’ concerns about inflation by targeting a key component of President Joe Biden’s climate agenda: electric vehicles.
October 31, 2022UAW Petitions to Organize GM-LG Energy Ohio Battery Plant
The United Auto Workers filed a petition to gain union membership for the 900 workers at the Ultium Cells LLC battery plant in Lordstown, Ohio, that is jointly owned by General Motors Co. and Korean partner LG Energy Solutions.
October 31, 2022