Hyzon Motors will pay a $25 million fine to the U.S. Securities and Exchange Commission after an investigation, the Class 8 hydrogen-powered truck manufacturer said.
September 28, 2023Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
AGCO to Buy Trimble Assets for $2 Billion to Boost Farm Tech
AGCO Corp., one of the world’s largest agricultural tractor makers, will acquire technology assets from Trimble for $2 billion to boost its offerings in the precision agriculture market.
September 28, 2023N.C. School to Build Truck Driver Training Area
High demand for truckers in North Carolina is behind Guilford Technical Community College’s plans to open a $4.35 million driver training facility funded by state and federal grants.
September 27, 2023Ford Pauses Construction of Michigan Battery Plant
Ford Motor Co. is halting construction of a $3.5 billion battery plant in Michigan that drew scrutiny from Republican lawmakers for its ties to a Chinese battery maker.
September 25, 2023Freight Brokers Adjust as Market Power Swings to Shippers
Throughout the pandemic-influenced years of 2020 through 2022, third-party logistics providers and freight brokers assuaged shippers by simply locating a truck for their freight.
September 25, 2023Run on Less Event Sees Big Improvements, Pleasant Surprises
The North American Council for Freight Efficiency’s latest Run on Less program is largely producing pleasant surprises so far, including Tesla Semi performance.
September 22, 2023Daimler Truck Financial Services Plans European Expansion
Daimler Truck Financial Services is expanding into new markets to strengthen its operational presence in central-eastern Europe, the company announced Sept. 22.
September 22, 2023UAW Strikes Spread to 38 Locations in 20 States
The president of the United Auto Workers said Sept. 22 the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis plants in 20 states.
September 22, 2023Volvo Energy Developing Second-Life Plans for Truck Batteries
GOTHENBURG, Sweden — Executives from Volvo Energy said they are developing long-term life cycle plans for batteries used in their electric trucks, with an emphasis on energy storage.
September 22, 2023Volvo Picks New Chairman Amid Spinoff Talk
Volvo Group, one of the world’s largest truck makers, has proposed that Par Boman be appointed its new chairman at the Swedish company’s annual general meeting in March.
September 22, 2023