The company that bought the aging Lordstown, Ohio, auto factory from General Motors last year unveiled an electric pickup truck it plans to build at the plant, one of many new electric light-trucks manufacturers plan to start selling over the next two years.
June 25, 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.
House Panel Approves Amendment to Raise Minimum Liability Insurance for Carriers to $2 Million
A measure that would increase from $750,000 to $2 million the minimum liability insurance requirement for commercial motor vehicles was approved by a House panel and included in a recent highway funding bill.
June 25, 2020Tesla Plans Battery Facility in California After Threat to Move
Tesla Inc. is planning to expand a battery-research facility in the San Francisco Bay Area.
June 25, 2020US May Exports Sink to 11-Year Low as Imports Drop
U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains.
June 25, 2020Navistar Breaks Ground on San Antonio Truck Plant
Navistar International Corp. and local and state officials June 25 celebrated, in a virtual setting, groundbreaking in San Antonio on its most advanced manufacturing facility, a $250 million investment.
June 25, 2020Convoy Unveils Machine-Learning System to Assess Carrier Safety
Convoy unveiled a new machine-learning system that’s designed to assess carriers’ safety histories, the company announced June 24.
June 25, 2020US Initial Jobless Claims Worse Than Forecast for Second Week
The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases.
June 25, 2020In Ohio, Lordstown Motors Is a Glint of Hope Among Heartbreak
In a cavernous Northeast Ohio factory that General Motors Co. left last year, a small group of engineers is coaxing dormant robots back to life — one by one — in a long-shot bid to build a new type of pickup truck.
June 24, 2020XPO Stresses Agility in Supply Chain Management During Pandemic
Executives from XPO Logistics said flexibility, visibility and data science have been key to navigating the business landscape during the coronavirus pandemic, as it relates to both employees and customers.
June 24, 2020US Regulators Order New Fix for Grounded Boeing Max Planes
U.S. safety officials will require all Boeing 737 Max airliners to be inspected for a manufacturing defect on engine coverings that they say could lead to loss of power during flights.
June 24, 2020Trending
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