Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.
June 22, 2021GovernmentBusinessTechnologyLogistics
Amazon Might Have to Sell Logistics Business Under Bill
Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.
June 22, 2021GovernmentBusinessFuel
Some Denver Gas Stations Have Been Running Short of Fuel
Dozens of gasoline stations in Denver and southern Colorado ran dry last weekend as a shortage of truck drivers and pipeline work delayed fuel supplies.
June 21, 2021BusinessTechnology
Public, Private Groups Pilot Last-Mile Delivery Hub in Seattle
The University of Washington’s Urban Freight Lab, in collaboration with various companies, is piloting a zero-emission hub for last-mile deliveries.
June 21, 2021GovernmentBusiness
US House Highway Bill to Reach Floor This Month
Floor consideration in the U.S. House of Representatives of legislation that would update the country’s surface transportation policies is expected as early as this month.
June 21, 2021BusinessTechnologyEquipmentFuel
First Production Model Peterbilt 220EV Goes to Alaska
Peterbilt Motors Co. announced the delivery of the first production Model 220EV to the Department of Solid Waste Services in Anchorage, Alaska. Ordered but not yet delivered was a Model 520EV truck.
June 21, 2021GovernmentBusinessFuel
Biden Won’t Accept Gas Tax in Latest Infrastructure Plan
President Joe Biden still sees sticking points in a draft bipartisan Senate infrastructure plan, as top aides warned June 21 that they continue to explore other legislative pathways and will not support certain tax increases as part of a final deal.
June 21, 2021GovernmentBusinessTechnologySafety
Fleets’ COVID-19 Safety Practices May Linger After Pandemic Ends
The COVID-19 outbreak prompted transportation companies to adopt a battery of safety measures — some of which may remain in place even after the pandemic is over.
June 21, 2021BusinessEquipmentLogistics
Lineage Logistics to Acquire Cold Storage Operation in Denmark
Lineage Logistics, a global temperature-controlled industrial real estate investment trust (REIT) and logistics provider, announced its intention to acquire the cold storage division of Danish company Claus Sorensen Group.
June 21, 2021BusinessTechnologyAutonomous
Amazon in Talks to Buy Stake in AI Truck-Driving Startup Plus
Amazon .com Inc. has placed an order for 1,000 autonomous driving systems from self-driving truck technology startup Plus and has acquired the option to buy a stake of as much as 20%, Plus said in a regulatory filing.
June 21, 2021