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EV Maker Polestar Valued at $20 Billion in SPAC Deal

Polestar, the electric vehicle maker backed by Volvo Car Group and actor Leonardo DiCaprio, agreed to go public through a merger with a blank-check company at a roughly $20 billion enterprise valuation.

September 27, 2021

Apex Capital Launches 24/7 Freight Factoring Service

Apex Capital launched a new service that allows its clients to factor freight invoices during off hours, the company announced Sept. 22.

September 24, 2021

Pass the Test and Tesla Owners Might Get Full Self-Driving Beta Access

The wait is almost over for some Tesla Inc. customers to get access to driver-assistance technology the company has marketed in controversial ways — as long as they’re on their best behavior.

September 24, 2021

Mercedes-Benz Plans $8.2 Billion European Battery Venture

Daimler AG will team up with Stellantis NV and TotalEnergies SE to boost the scale of their European battery venture to more than 7 billion euros ($8.2 billion) in a move to secure supplies for electric Mercedes-Benz cars.

September 24, 2021

Port of Houston Fended Off Hacking Attempt

The Port of Houston issued a statement Sept. 23 saying it had successfully defended against an attempted hack in August and “no operational data or systems were impacted.”

September 24, 2021

Maersk Buys Stake in Electrofuel Startup in Race to Ditch Oil

A.P. Moller-Maersk A/S is investing in a startup that develops electrofuels as part of a strategy to own technologies that can help it become carbon neutral.

September 23, 2021

Ryder Partners With Embark to Open Autonomous Truck Transfer Points

Ryder System and Embark Trucks are launching a nationwide network of transfer points that will be used to transition shipments from driverless longhaul trucks to driver-enabled last-mile trucks, the companies said Sept. 21.

September 23, 2021

Western Star Launches 47X Model for Weight-Sensitive Vocational Market

Daimler Trucks North America has introduced the Western Star 47X vocational model, a Class 8 truck intended for lighter-weight applications than the heavier 49X introduced in September 2020.

September 23, 2021

FMCSA Nominee Meera Joshi Promotes Autonomous Tech’s Safety Potential

WASHINGTON — Autonomous technology meant to enhance freight connectivity could transform the country’s commercial landscape and improve safety, President Joe Biden’s nominee to oversee trucking regulations told a U.S. Senate panel Sept. 22.

September 23, 2021