Nikola Corp. founder Trevor Milton asked for a new trial on charges he misled investors about the electric truck maker’s prospects, arguing the jury convicted him due to bad instructions from the judge and because one juror lied to get on the panel.
December 16, 2022Search
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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.
NHTSA to Investigate GM’s Cruise Robotaxi for Braking Issues
U.S. safety regulators are investigating reports that autonomous robotaxis run by General Motors’ Cruise can stop too quickly or unexpectedly quit moving, potentially stranding passengers.
December 16, 2022Recruitment Normalizes After Freight Surge Slows
Recruitment trends in trucking began returning to more normalized levels after a frenzied start to the year that was very much influenced by the COVID-19 pandemic.
December 16, 2022Ford, China’s CATL Mull Workaround for New US Battery Plant
Ford Motor Co. and China’s Contemporary Amperex Technology Co. Ltd. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits.
December 15, 2022IIJA’s Implementation Gained Momentum in 2022
President Joe Biden during his State of the Union Address to Congress this year proclaimed that the United States was embarking on an “infrastructure decade,” setting the tone for the administration’s efforts to implement the bipartisan $1 trillion infrastructure law.
December 16, 2022Regulatory Victories Mark 2022, but New Challenges Lie Ahead
As the nation began easing its way out of the COVID-19 pandemic in 2022, activity on closely watched initiatives related to the trucking workforce heated up, while efforts to advance new laws for trucking fleets kept stakeholders engaged.
December 16, 2022DOT Awards Virginia $97.6 Million in Loans to Improve I-81
Virginia has $97.6 million in two new low-interest federal loans to improve safety and traffic flows along its rolling Interstate 81 that cuts through rural mountain areas in a main trucking route linking southern economic areas and northeast markets.
December 15, 2022Expansion Plan Announced for Port of New Orleans
Gov. John Bel Edwards, the Port of New Orleans and two global maritime companies on Dec. 13 announced the formation of a public-private partnership to build a new $1.8 billion container facility on the lower Mississippi River.
December 14, 2022Fed Hikes Rate by Half-Point, Signals More to Come
The Federal Reserve reinforced its inflation fight Dec. 14 by raising its key interest rate for the seventh time this year and signaling more hikes to come.
December 14, 2022NACFE Study Shows Flat Fuel Economy for Class 8 Vehicles Surveyed
The North American Council for Freight Efficiency said fuel efficiency in Class 8 trucks participating in its annual fleet study from 2018 to 2020 remained flat at 7.24 mpg after seven previous years of 2% annual increases.
December 14, 2022