Some of China’s wealthiest tycoons steered billions of dollars into electric car companies to fuel the country’s dreams of becoming a leader in the field. Now a reckoning may be looming as car sales slow and the government reduces subsidies for the nascent industry.
December 3, 2019Business, Technology, Fuel
Billionaires Investing in China’s Electric Cars Face Shakeout
Business, Technology, Equipment, Fuel
Nikola Battery-Electric Truck Slated for Europe in 2021
Nikola Corp., Iveco and FPT Industrial announced they have begun development of their joint venture’s first truck: the battery-electric Nikola TRE.
December 3, 2019Government, Business, Technology, Safety, Fuel, Autonomous
Diesel Inches Up 0.4¢ to $3.07 Per Gallon
The U.S. average retail price of diesel rose 0.4 cent to $3.07 a gallon, the Department of Energy reported Dec. 2.
December 2, 2019Business, Technology
Flexport Expands Into Canada With Vancouver Office
Flexport, a freight forwarding service, opened an office in Vancouver, British Columbia, as the company expanded into Canada, according to a Flexport blog post.
December 2, 2019Business, Technology, Equipment, Safety
P.S.I. Extends Warranty in Combination With SKF
Pressure Systems International announced it extended the parts coverage warranty on its automatic tire inflation system by two years when the system is used in combination with SKF’s Trouble-Free Operation system.
December 2, 2019Government, Business, Technology
Analysis: US Railroad System Is Great for Freight
The U.S. freight rail system is arguably the best and most efficient in the world.
December 2, 2019Business, Technology, Logistics
SAS Cargo Partners With WebCargo
SAS Cargo will partner with WebCargo, a Freightos Group Co., to provide freight forwarders a digital air cargo service with fully digital live rates, capacity and e-booking, the companies said in a Nov. 26 news release.
December 2, 2019Business, Technology, Equipment
Daimler AG to Cut Thousands of Jobs by 2022
Daimler AG, the parent company of Mercedes-Benz and Daimler Trucks, announced it will eliminate thousands of jobs worldwide by the end of 2022 amid weakening car sales in China and the costly push to develop electric vehicles.
December 2, 2019Business, Technology
BMW to Cut Staff Bonuses in Electric Car Savings Push
BMW AG will reduce bonus payments for employees in Germany as the luxury-car maker grapples with the costly shift to electric and self-driving vehicles.
November 27, 2019Business, Technology, Logistics, Top 50, Top 100
Schneider Launches Load-Booking Tool for Third Parties
Schneider launched an automated tool that enables third-party carriers to instantly book loads with the click of a button, the carrier said in a Nov. 26 news release.
November 27, 2019