LOS ANGELES — Companies linked to two cargo ships accused of damaging a pipeline months before it ruptured have agreed to pay $45 million to settle lawsuits brought by business owners and residents.
February 10, 2023BusinessTop 100
U.S. Xpress Reports Revenue Gain, Earnings Loss for Q4
U.S. Xpress Enterprises increased revenue but earnings fell during the fourth quarter of 2022, the company reported Feb. 9.
February 10, 2023BusinessTechnology
Renault in Talks With Volvo Trucks About FlexEVan Partnership
Renault SA is in discussions with truck maker Volvo AB to collaborate on the French carmaker’s new electric van project to take on rivals such as Stellantis NV, according to people familiar with the matter.
February 10, 2023BusinessLogisticsTop 100
Universal Logistics Reports Earnings Growth on Revenue Decline for Q4
Universal Logistics Holdings’ earnings grew on a slight decline in revenue during the fourth quarter of 2022, the company reported Feb. 9.
February 10, 2023GovernmentBusinessTechnologySafety
DOT Investigating Elon Musk’s Neuralink Over Hazardous Shipping Claim
The U.S. Department of Transportation is investigating Elon Musk’s brain implant company, Neuralink Corp., after an animal rights group said it obtained emails suggesting the startup did not follow proper procedure when shipping possibly hazardous materials.
February 9, 2023BusinessTechnologyEquipment
Tesla Semi Skepticism Lingers Months After Musk’s First Delivery
While Tesla's first Semi delivery to PepsiCo was cause for celebration, there’s still a lot of uncertainty as to just how meaningful the Semi will be to Tesla’s business.
February 9, 2023GovernmentBusinessSafetyLogistics
White House to Release Budget March 9
Funding proposals for freight and commuter transportation programs will be unveiled as part of a larger budget plan on March 9, the White House announced recently.
February 9, 2023BusinessTechnologyLogisticsTop 100
XPO’s Mario Harik Touts Strong Q4, Full-Year Performance
XPO Inc. CEO Mario Harik on Feb. 8 discussed how his company reached over a billion dollars in revenue during the fourth quarter despite a business spinoff and softening freight market.
February 9, 2023GovernmentBusinessTechnologyFuel
FHWA to Start Funding Program to Lower Truck Emissions at Ports
The Federal Highway Administration soon will open fiscal 2022-2023 grant applications for its new Reduction of Truck Emissions at Port Facilities program, according to a Feb. 8 announcement by the Department of Transportation.
February 9, 2023GovernmentBusinessTechnologySafetyAutonomous
Republican Policymakers Spotlight Autonomous Vehicles’ Benefits
Approving a regulatory framework for autonomous vehicles would facilitate the technology’s adoption throughout the national transportation landscape, top Republicans on a U.S. House committee indicated this month.
February 9, 2023