Rivian Automotive Inc., the electric truck startup already backed by Amazon.com Inc. and Ford Motor Co., raised $2.5 billion in new funding from a group of investors led by T. Rowe Price Associates Inc.
July 10, 2020Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Dana Introduces New Drive Technologies
Dana Inc. announced new drive technologies for material-handling vehicles, including a low-voltage, high-efficiency motor for electric-powered applications.
July 10, 2020Oil Refineries in Texas Grapple With COVID-19 Outbreaks
Oil refineries aren’t being spared as COVID-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily.
July 10, 2020Volkswagen Risks Diesel Claims Across EU After Court Ruling
Volkswagen AG vehicle owners can sue the carmaker over diesel-emission manipulation anywhere in the European Union, the bloc’s top court said in its first ruling on the scandal.
July 9, 2020Wisconsin Officials Announce $160M in Aid for Local Governments
More than $160 million in transportation aid will be directed to local government agencies in Wisconsin, state officials recently announced.
July 9, 2020Consumer Brands Spearheads Contactless Delivery Task Force
A task force was launched to develop standards for reducing human contact when moving freight from Class 8 vehicles to last-mile drop-offs.
July 9, 2020Amazon Aviation Fuel Deal Adds to Demand for Lower-Emissions Alternatives
Amazon.com Inc. will buy an aviation fuel blend made from used fats, oils and greases over the next 12 months as it searches for ways to reduce the greenhouse gas emissions of its growing air cargo operations.
July 9, 2020FHWA Awards $15.1 Million for Alternative Funding Pilot Projects
The Federal Highway Administration awarded $15.1 million in Surface Transportation System Funding Alternatives grants July 9.
July 9, 2020Class 8 Orders Rise 23.2% in June
North American Class 8 orders in June approached replacement levels and reached the second-highest volume of the year.
July 9, 2020Driver’s Untreated Sleep Apnea Contributed to 2018 Fatal Crash, NTSB Says
A National Transportation Safety Board investigation concluded that lack of a “robust medical certification evaluation process†on the federal level to identify and treat commercial drivers at high risk for obstructive sleep apnea was one of three safety issues that contributed to a fatal, multivehicle heavy truck-involved crash in 2018.
July 9, 2020Trending
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