VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. as traders flipped shares of the electric vehicle maker.
August 15, 2023Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Lordstown Settles Karma Lawsuit for $40 Million
Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck.
August 15, 2023Diesel Price Up Another 13.9¢ to $4.378 a Gallon
Diesel prices climbed another 13.9 cents a gallon for the fourth straight week of a dime-or-more national average surge, according to data from the Energy Information Administration.
August 15, 2023Amazon Dinged for Coming Up Short on Carbon-Emission Actions
Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from the world’s leading watchdog of corporate climate goals.
August 14, 2023Nikola to Halt Sales, Recall Trucks After Battery Fires
All the Class 8 Tre battery-electric trucks Nikola Motor sold or sent to potential customers for testing are being recalled, the company said.
August 14, 2023Global Oil Demand Hits Record and Prices May Climb, IEA Says
Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said.
August 11, 2023Natural Gas-Fueled Volvo Trucks Set for North American Tests
The first testing of natural gas-fueled European Volvo Group Class 8 trucks on North American roads is set to begin by the end of September, and more imports could be on the way.
August 10, 2023Truck Stop Coming to Rural North Carolina Highway
A $1.6 million U.S. Department of Commerce grant to a southwestern North Carolina town is paying for new infrastructure to support opening a Love’s Travel Stop with truck parking.
August 10, 2023Proterra Got Millions in US Aid Before Bankruptcy
Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in COVID relief government aid.
August 9, 2023EPA Announces $115 Million for DERA Grants
The Environmental Protection Agency recently announced that $115 million has been directed for the Diesel Emissions Reduction Act program.
August 8, 2023