Stellantis has invested an additional $55 million in the electric air taxi company Archer Aviation following a successful test flight and other major milestones.
July 2, 2024Trucking 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.
Stellantis Invests Additional $55M in Electric Air Taxi
C.H. Robinson COO Arun Rajan Becomes CSIO
In an atypical move, C.H. Robinson鈥檚 chief operating officer 鈥 its No. 2 鈥 is becoming its chief strategy and innovation officer.
July 2, 2024Polestar Plans Cuts as EV Tariffs Deepen Loss
Polestar Automotive Holding UK Plc is making more cost cuts after losses deepened in the first quarter as tariff barriers grow and price pressures increase for electric vehicle makers.
July 2, 2024Northvolt Might Slow Battery Projects Due to EV Slump
Northvolt AB may slow its battery projects, the latest in a line of industry reassessments after the transition to electric cars cooled.
July 2, 2024Biden Provides $504 Million to Support 12 Technology Hubs
WASHINGTON 鈥 The Biden administration said July 2 that it was providing $504 million in implementation grants for a dozen technology hubs nationwide.
July 2, 2024Tesla Sales Fall for Second Straight Quarter
DETROIT 鈥 Tesla鈥檚 global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company鈥檚 products.
July 2, 2024Securing Legacy Maintenance Software
Outdated fleet software puts your company at risk of cyberattacks. One breach can cripple operations and finances. Download the National Motor Freight Traffic Association Inc.鈥檚 (NMFTA)鈩 whitepaper to learn about new threats, vulnerabilities, and solutions for securing your legacy systems.
July 1, 2024US Chamber Files Amicus Brief in Werner Verdict
The U.S. Chamber of Commerce has filed a 鈥渇riend of the court鈥 brief with the Texas Supreme Court asking the court to reject a $100 million lower-court jury verdict against Werner Enterprises.
July 1, 2024Amtrak Used 2 Million Gallons of Renewable Diesel in FY2023
Switching to renewable diesel has enabled Amtrak to replace about 2 million gallons of fossil fuel during the past fiscal year and move closer to its goal of achieving zero emissions.
July 1, 2024Renault Vows to Lower EV Battery Costs 20% With New Process
Renault SA pledged to reduce its battery costs by around 20%, in a bid to remain competitive by adopting a cheaper cell chemistry and new production processes for electric vehicle components.
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