Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion.
February 1, 2021Search
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Biden Revokes Oil Drilling Permits for Additional Review
The Biden administration is revoking dozens of invalid drilling permits issued by agency workers without the approval of political appointees, despite a temporary order for such reviews.
January 29, 2021GM Sets Goal of Going Largely Electric by 2035
General Motors Co. has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.
January 28, 2021Pilot Co. Unit to Buy Ethanol Plant With Sights on Recovery
A unit of truck stop chain Pilot Co., which is partly owned by Warren Buffett’s Berkshire Hathaway Inc., is buying an ethanol plant just as the beleaguered industry may be turning around.
January 28, 2021Biden Directs Agencies to Address Climate Change
New directives approved by President Joe Biden in response to climate change set in motion an extensive environmental agenda throughout federal agencies while rolling back Trump-era guidance on permitting.
January 28, 2021Biden Signs Ambitious Climate Change Orders
WASHINGTON — In the most ambitious U.S. effort to stave off the worst effects of climate change, President Joe Biden issued executive orders Jan. 27 to cut oil, gas and coal emissions and double energy production from offshore wind turbines.
January 27, 2021Nikola Backer Luxor Invests in European Electric Truck Startup
Nikola Corp. backer Luxor Capital Group LP is investing in European electric truck startup Volta Trucks AB to help the company scale its manufacturing and expand into North America and Asia.
January 27, 2021Navistar, GM Cooperate on Fuel Cell System for Class 8 in 2024
Navistar Inc. announced it intends to produce a zero-emission longhaul truck using fuel cell systems supplied by General Motors and will have an International RH Series FCEV model commercially available in 2024.
January 27, 2021Biden to Require Electric Trucks at USPS, Federal Agencies
President Joe Biden is preparing an executive order to marshal the federal government’s purchasing power by requiring that federal agencies — including the U.S. Postal Service — buy clean vehicles and renewable power, according to three people familiar with the matter, though the timing of the announcement isn’t clear.
January 26, 2021U.S. Xpress Latest to Invest in TuSimple
U.S. Xpress Enterprises Inc. announced it made a “significant” investment in autonomous trucking company TuSimple and that CEO Eric Fuller was named to TuSimple’s executive advisory board.
January 26, 2021