Waymo, Alphabet Inc.’s self-driving car unit, said it raised $2.5 billion in a recent funding round to help advance its technology and replace a management team rocked by departures.
June 16, 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.
GM to Spend More on Electric Vehicles, Add Battery Plants
DETROIT — General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.
June 16, 2021Chinese Trucking Startup Seeks $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.
June 16, 2021Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand
Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.
June 15, 2021Truck Parking Information Needs to Be Functional, Accurate, ATRI Research Says
Effectively addressing the truck parking capacity problem will depend on standardization and accuracy, according to a recent white paper from the American Transportation Research Institute.
June 15, 2021John Kerry: Carbon Capture ‘Key Tool’ to Curb Factory Emissions
Carbon capture is emerging as a key strategy for curbing greenhouse-gas emissions from heavy industry, according to U.S. climate envoy John Kerry.
June 15, 2021Forward Air Expands LTL Service in Washington
Forward Air Corp. will expand its expedited less-than-truckload service into Spokane, Wash., the company announced June 14.
June 15, 2021GM’s Cruise Unit Starts Preproduction on Autonomous Shuttle
Cruise, the self-driving-car unit majority-owned by General Motors Co., has started preproduction on its purpose-built battery-electric autonomous shuttle and boosted its access to cash.
June 15, 2021GM, Wabtec Agree to Make Electric and Hydrogen-Powered Trains
General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said June 15.
June 15, 2021Cabinet Secretaries Launch Roadshow to Sell Biden Infrastructure Plan
Marty Walsh and a handful of other Cabinet secretaries have launched an ambitious travel schedule to promote the infrastructure plan and the larger Biden agenda.
June 14, 2021