Ford Motor Co. CEO Jim Farley made a bold bid for electric supremacy May 26 by boosting his company’s bet on plug-in models by more than a third, to $30 billion, and promising to electrify virtually the entire lineup.
May 26, 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.
Bezos: Amazon’s Andy Jassy Will Become CEO on July 5
Amazon .com Inc.’s new CEO will take the reins on July 5, the 27th anniversary of the company’s incorporation, outgoing CEO Jeff Bezos said during the annual shareholder meeting on May 26.
May 26, 2021UPS Launches End-to-End Cold Chain Solutions
UPS is taking the lessons learned from the coronavirus pandemic to expand its specialty pharmaceutical offerings by establishing UPS Cold Chain Solutions, a suite of technologies, capabilities and global facilities that incorporates those lessons into an integrated logistics platform, the company announced May 24.
May 26, 2021Safety Culture Helps Fleets Guard Against Lawsuits, Experts Say
Motor carriers with a culture that prioritizes safety can protect themselves from frivolous lawsuits and help stave off the multimillion-dollar court settlements that make headlines in accident litigation involving trucking companies, safety experts said.
May 26, 2021Tesla Phases Out Radar Sensors, Shifts to Camera-Based Autopilot
Tesla Inc. updated its website May 25 to announce that Model 3 and Model Y cars built for North America and shipping this month no longer will be equipped with radar.
May 26, 2021Truck-Lite to Relocate to Pennsylvania in Preparation for EVs
Truck-Lite Co., a provider of LED lighting systems for commercial vehicles, announced it is relocating its headquarters to Knowledge Park at Penn State Behrend in Erie, Pa.
May 26, 2021Lordstown Motors Drops as Earnings Stoke Case for Skepticism
Lordstown Motors Corp. shares tumbled after the electric vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.
May 26, 2021EV Charger Maker Tritium Going Public in SPAC Merger Deal
Tritium, which makes fast chargers for electric vehicles, has reached an agreement to go public through a merger with blank-check company Decarbonization Plus Acquisition Corp. II.
May 26, 2021International LT, LoneStar Models to Accept OTA Upgrades for Cummins X15 Engines
Navistar International Corp. announced the upcoming availability of Cummins’ connected software updates and programmable trim parameters through its OnCommand Connection portal.
May 25, 2021Amazon Sued by D.C. AG in Antitrust Suit Over Pricing
Amazon .com Inc. was sued by the attorney general for Washington, D.C., who accused the online retail giant of engaging in anticompetitive practices that have raised prices for consumers.
May 25, 2021