LONG BEACH, Calif. — Volvo Trucks North America announced NFI Industries and Quality Custom Distribution, between them, placed orders for an additional 90 Volvo VNR Electric Class 8 vehicles.
May 11, 2022BusinessTechnologySafetyAutonomous
Embark Losses Widen From Research, Development Spending
Embark Technology Inc. saw its losses widen in the first quarter as the autonomous trucking technology company spent more of its capital on research and development.
May 11, 2022BusinessEquipment
Toyota’s Quarterly Profit Down on COVID Parts Crunch
TOKYO — Toyota’s profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings.
May 11, 2022GovernmentBusiness
Inflation Hit 8.3% in April but Slows From 40-Year High
WASHINGTON — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.
May 11, 2022BusinessTechnologyAutonomous
Aurora, Covenant Team on Autonomous Trucking Program
Autonomous driving technology company Aurora Innovation Inc. will collaborate with Covenant Logistics to refine a self-driving truck system that could robotically emulate the speed of human team driving.
May 11, 2022GovernmentBusinessSafetyLogisticsPrivate
New York Appeals Court Dismisses Suit Against Amazon
NEW YORK — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island.
May 10, 2022GovernmentBusinessFuel
Musk’s Go-Private Tweets About Tesla Were Reckless, Judge Found
“No reasonable jury could find that Mr. Musk did not act recklessly.” That’s the upshot of a federal judge’s review of Tesla Inc. CEO Elon Musk’s 2018 tweets about taking the company private, as revealed in an order that was made public May 10.
May 10, 2022GovernmentBusiness
Senators Blast US Trade Chief on Failure to Consult Congress
A bipartisan group of the top senators on the committee that deals with trade blasted President Joe Biden’s chief negotiator for failure to adequately consult with lawmakers regarding the administration’s positions.
May 10, 2022BusinessTechnologyFuel
Survey Cites Fleets’ Growing Acceptance of Alt Fuels, Sustainable Tech
LONG BEACH, Calif. — Overall use of clean fuels and advanced vehicle technologies is rapidly progressing, according to a recent survey of 250 public, private and municipal fleets. But industry experts added that many thorny issues remain.
May 10, 2022GovernmentBusinessTechnologySafety
Legislators Optimistic About Ohio Bill to Provide Resources for CDL Training
Two Ohio legislators are optimistic their bill will pass in the General Assembly that would pay 50% of employer expenses to train truck drivers under a four-year tax credit capped at $25,000 per company.
May 10, 2022