As it moves forward with autonomous truck development, Waymo plans to focus its 2020 testing efforts on the southwest shipping corridor that includes Texas, New Mexico, Arizona and California.
June 30, 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.
Workhorse Valued at $1 Billion
Shares of Workhorse Group Inc., a maker of electric delivery vehicles, are surging as investors bet the Trump administration will want the company and a fellow Ohio-based affiliate to succeed.
June 30, 2020Hyliion Electrified Powertrain Underscores Larger Transition in Industry
Hyliion Inc.’s Class 8 long-range electric powertrain underscores the transition period of multiple alternative powertrains is at hand. And the powertrain, whose batteries are charged by an undersized natural gas engine, could prove to be an important step toward carbon-free over-the-road transportation, experts said.
June 30, 2020Tests Show Cylinder Deactivation Improves Next-Gen Engines, Jacobs Says
Jacobs Vehicle Systems’ cylinder deactivation technology delivered a “host of performance-enhancing benefits†in a recent independent validation, the company announced, including raising exhaust temperature and improving fuel consumption.
June 30, 2020Mark-It Express Acquires Sava Transportation
Mark-It Express Logistics took another step in its expansion plans by acquiring the operating assets of Sava Transportation, the company announced June 30. Terms were not disclosed.
June 30, 2020EPW Chairman John Barrasso: Dems’ Infrastructure Bill a ‘Road to Nowhere’
House Democrats’ $1.5 trillion infrastructure proposal that has reached the floor of the chamber drew criticism from the top Republican on the Senate’s highway policy panel.
June 30, 2020Saudi Oil Cuts Take Seven Supertankers a Day Off the Market
Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.
June 30, 2020US Consumer Confidence Posts Biggest Increase Since Late 2011
U.S. consumer confidence rose in June by more than forecast as optimism increased amid business reopenings, though sentiment remained well below pre-pandemic levels.
June 30, 2020Uber Reportedly in Talks to Buy Delivery Rival Postmates
Uber Technologies Inc. is in talks to purchase Postmates Inc., said a person familiar with the discussions, seeking to expand food delivery services in the U.S. and capitalize on a surge in orders during the coronavirus pandemic.
June 30, 2020Diesel Price Creeps Up for Fourth Week in a Row
The national average retail price of diesel rose for the fourth consecutive week, half a cent to $2.43 a gallon, the Energy Information Administration reported June 29.
June 29, 2020