Traders and shippers are increasingly nervous about the possibility of a shortage of fuel in the eastern U.S. two days after the shutdown of a major pipeline following a cyberattack.
May 9, 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.
Experts Say Cyberattack on Pipeline Is a Wake-Up Call
NEW YORK — The shutdown of a vital U.S. pipeline because of a ransomware attack stretched into a third day May 9, with the Biden administration saying an “all-hands-on-deck” effort is underway to restore operations and avoid disruptions in gasoline supply.
May 9, 2021Lion to Locate Largest EV Plant in Illinois
The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, announced it selected Joliet, Ill., for the construction of its U.S. manufacturing facility, with building to ramp up in the second half of this year.
May 7, 2021Tesla Engineer Says Musk Overstated Tesla Autopilot Capability
One of Tesla Inc.’s engineers told California authorities that CEO Elon Musk overstated the capability of Autopilot, the company’s driver-assistance system, early this year.
May 7, 2021Nikola Misses Estimates, Details Additional SEC Inquiry
Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March.
May 7, 2021Electric Truck Startup Einride Raises $110 Million
Swedish electric-truck startup Einride AB has raised $110 million from investors, including the venture capital arm of the world’s largest shipping company, A.P. Moller-Maersk A/S, to expand its logistics business in Europe and in the U.S.
May 7, 2021House Democrats Support Electric Vehicle Policies, Rep. Pallone Says
House Democrats are aiming to advance legislation pertaining to electric vehicles as the White House and congressional leaders debate infrastructure policy measures this year.
May 6, 2021Biden Pushes for His Infrastructure Plan in GOP Stronghold
With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on May 6 to pressure GOP lawmakers to support his $2.25 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he’s recommending to pay the cost.
May 6, 2021VW Raises Full-Year Outlook, Warns of Growing Chip Shortage
Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter.
May 6, 2021XPO Begins Testing Electric Trucks
XPO Logistics is testing a Freightliner eCascadia in Oakland, Calif., the first step in what it expects is a lengthy transition from diesel-powered heavy-duty trucks.
May 5, 2021