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Northvolt Rescue on Verge of Unraveling as Cash Runs Short

Northvolt is scrambling to pull together emergency funding after a previous plan fell apart, according to sources, leaving the battery maker with dwindling options as it runs low on cash.

November 15, 2024

SmithCo Develops Kingpin Housing for Side-Dump Trailers

SmithCo Inc. has developed a patent-pending kingpin housing for its side-dump trailers that’s intended to improve durability and reduce maintenance costs.

November 15, 2024

J.B. Hunt Promotes Trio of Executives

J.B. Hunt Transport Services recently announced a series of executive appointments.

November 15, 2024

Mack to Launch New Flagship Semi in 2025

Whether the tractor will be an update of Mack’s existing on-highway flagship, the Anthem, or a new model altogether is unclear.

November 15, 2024

Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals

The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled.

November 15, 2024

Legendary Trucker Gene England of C.R. England Dies

Gene England, a trucking industry legend, World War II veteran and beloved family man, died at the age of 105, C.R. England announced Nov. 14.

November 15, 2024

GXO Plans 400 More Layoffs This Year

GREENWICH, Conn. — GXO Logistics this year has laid off more than 500 employees in the U.S., while it plans to cut nearly 400 more positions across two sites, according to public records.

November 15, 2024

Cruise Admits to Falsifying Report Over 2023 Crash

Autonomous vehicle maker Cruise has admitted to a federal charge and agreed to pay a $500,000 fine in connection with a crash last year involving one of its vehicles that left a person injured.

November 15, 2024

Driverless Tech Firm Pony.ai Seeks Up to $195 Million in IPO

Pony.ai Inc. is looking to raise as much as $195 million from its U.S. initial public offering as automotive-related companies lead a modest pickup in Chinese listings.

November 15, 2024