Electrified powertrain company Hyliion reported no revenue in the first quarter ended March 31, but mentioned progress with its product development, as it also noted in its first-ever earnings report for the third quarter and again in Q4.
May 19, 2021Business, Technology, Equipment
Hyliion Q1 Results Lack Revenue, but Product Development Accelerates
Business, Technology, Equipment, Autonomous
Phillips Connect Hires Jon Morrison as Executive Consultant
Smart-trailer product developer Phillips Connect announced that former Wabco Americas president Jon Morrison will serve as a strategic executive to the company as it looks to increase its market share in trailer connectivity and support a future with autonomous vehicles.
May 19, 2021Business, Technology, Equipment
Convoy Launches Backup, Spot Services for Drop-and-Hook
Convoy launched an automated drop-and-hook service for backup and spot freight to give shippers added flexibility for unexpected demand surges, the digital freight network announced May 19.
May 19, 2021Government, Business, Technology, Fuel
Biden Considering Point-of-Sale Rebates for Electric Car Buyers
The Biden administration wants to give consumers rebates for purchasing electric vehicles to help the U.S. compete against China in manufacturing the next generation of automobiles, White House climate adviser Gina McCarthy said.
May 19, 2021Government, Business, Technology, Logistics
China Bill to Include $52 Billion for U.S. Chip Manufacturing
The Senate will include $52 billion to bolster domestic semiconductor manufacturing in a broader bill to enhance U.S. competitiveness with China, Senate Majority Leader Chuck Schumer said.
May 18, 2021Government, Business, Technology, Equipment, Fuel, TCA
At Ford Visit, Biden Says Future of Autos Is Electric
Without mentioning his predecessor’s name, President Joe Biden criticized former President Donald Trump while visiting a Ford Motor Co. plant in Dearborn, Mich., on May 18, saying Trump’s rollback of fuel standards delayed an inevitable move to electric vehicles.
May 18, 2021Government, Business, Technology, Equipment, Fuel
Biden Takes Spin in Ford’s Electric F-150
President Joe Biden made an unscheduled stop at a Ford Motor Co. test track outside Detroit on May 18, where he hopped into the company’s new all-electric F-150 pickup truck and took a spin.
May 18, 2021Business, Technology, Logistics
For Freight Brokers, Managing Data Key as Volume Grows, Experts Say
Artificial intelligence and machine learning are two expanding means logistics companies can use to gather and process tremendous amounts of data surrounding freight shipments.
May 18, 2021Business, Technology, Fuel, Autonomous
Elon Musk Loses World’s Second-Richest Ranking
Elon Musk’s Twitter posts keep sending Bitcoin prices tumbling. His own fortune is heading in the same direction. On May 17, Tesla Inc.’s CEO lost his spot as the world’s second-richest person.
May 18, 2021Business, Technology, Autonomous
Rivian’s Tesla Alums Lead Charge as Debut Nears for First Three EVs
Rivian Automotive Inc. will soon set off on an aggressive sprint to upend the electric-vehicle business, with plans to start selling three models — a pickup truck, SUV and delivery van — in a matter of months. For this ambitious effort, it has harnessed powerful weapons: former Tesla Inc. engineers who launched the company’s Model 3 sedan.
May 18, 2021