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, 2021Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Orders for Business Equipment Rise for Sixth Straight Month
Orders placed with U.S. manufacturers for business equipment strengthened in August, extending to six months a solid run of robust capital investment that’s helping fuel economic growth.
September 27, 2021Apex 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, 2021Pass 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, 2021Mercedes-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, 2021Port 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, 2021Maersk 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, 2021Ryder 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, 2021Western 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, 2021FMCSA 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