A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.
September 14, 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.
Biden Touts EVs at Detroit Auto Show
DETROIT — President Joe Biden, a gearhead with his own vintage Corvette, is showcasing his administration’s efforts to promote electric vehicles during a visit Sept. 14 to the Detroit auto show.
September 14, 2022US Producer Prices Fall for a Second Month as Fuel Costs Retreat
A measure of U.S. producer prices fell for a second month in August as fuel costs continued to retreat, though an underlying measure of wholesale costs solidified a sign of persistent inflation in the production pipeline.
September 14, 2022Pulsing Brake Light Maker Wants FMCSA Decision
The owner of brake-lamp technology with a pulsating bulb feature intended to help reduce rear-end collisions with trucks and trailers has asked a federal appellate court to compel the Federal Motor Carrier Safety Administration to act on a long-pending exemption request to permit the company to deploy the system.
September 14, 2022Potential US Rail Strike Risks Stoking Inflation
The looming U.S. rail strike threatens to push inflation even higher across the country after prices jumped more than expected last month.
September 14, 2022Senators Introduce Coast Guard Policy Bill
Senate Commerce Committee leaders recently introduced a Coast Guard authorizing bill that would dedicate funds for shoreline modernization programs.
September 13, 2022Biden Officials Weigh Buying Oil at Around $80 to Refill Reserves
The U.S. may begin refilling its emergency oil reserve when crude prices dip below $80 a barrel, according to people familiar with the matter.
September 13, 2022White House Weighs Emergency Decree for Rails if There’s a Strike
The White House is considering the use of emergency powers to ensure critical materials, such as chlorine for wastewater treatment plants, can be delivered in the event of a freight rail worker strike in order to avoid devastating disruptions to services.
September 13, 2022US, Mexico to Cooperate on Semiconductors, Electric Vehicles
MEXICO CITY — Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico’s nationalized lithium industry, officials from both countries said Sept. 12.
September 13, 2022Rail Talks Watched as Contract Deadline Nears
As shippers and retailers head into the peak shopping season, ongoing labor negotiations are being closely watched for any signs of disruption, which experts say would have a huge impact on the U.S. economy.
September 13, 2022