Tesla Inc. reported a higher-than-expected seventh consecutive quarter of profit on strong demand for its top-selling Model 3 sedan and announced it will begin deliveries of its Tesla Semi in 2021.
April 26, 2021BusinessTechnologyAutonomous
Lyft to Sell Autonomous-Driving Unit to Toyota for $550 Million
Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber Technologies Inc. in stepping back from the costly driverless vehicle research once thought to be on the verge of revolutionizing ride-hailing.
April 26, 2021GovernmentBusinessTechnologyFuel
Biden Moves to Restore California’s Power to Fight Vehicle Pollution
The Biden administration on April 26 took a key step toward restoring California’s power to limit greenhouse gas emissions from vehicles and overturn a Trump-era policy that pitted the federal government against a state seeking to eventually ban conventional gas-powered cars.
April 26, 2021GovernmentBusinessFuel
Average Price of Diesel Stays at $3.124 a Gallon
While diesel prices remained flat according to data released this week, experts are warning of rising prices headed into summer as a shortage of tank truck drivers threatens to tighten supplies.
April 26, 2021BusinessLogisticsTop 100
U.S. Xpress Reports Revenue of $450M for Q1
U.S. Xpress Enterprises saw revenue and earnings growth during the first quarter of 2021, the company reported April 22.
April 26, 2021GovernmentBusinessLogistics
Trudeau Signals Move to End Dockworkers Strike at Montreal Port
Canada is planning legislation to end a general strike at the Port of Montreal that’s bound to worsen congestion at other sites and add to global shipping delays.
April 26, 2021GovernmentBusinessTechnologyFuel
Massachusetts Gov. Charlie Baker’s Executive Order Aims to Electrify Transportation, Buildings
Massachusetts Gov. Charlie Baker signed an executive order to reduce greenhouse gas emissions within state facilities, including those for transportation.
April 26, 2021Business
Suddath Launches New Local Moving Brand MoveDay
Global moving and logistics company Suddath Cos. launched local moving brand MoveDay, it said April 26.
April 26, 2021BusinessTechnologyFuel
Fortistar Merges Two Units to Form Opal Fuels
Private equity firm Fortistar announced two of its portfolio companies, Fortistar Methane Group, a developer of renewable natural gas, and TruStar Energy, supplier of RNG transportation fuel, are merging under Opal Fuels to form a fully integrated renewable fuels supply company for North America.
April 26, 2021BusinessTechnology
Daimler Truck Appoints Two Key Executives Ahead of Spinoff
Daimler Truck AG announced effective July 1 Andreas Gorbach will lead its new Truck Technology Group.
April 26, 2021