ATLANTA — Hyundai Motor Group and LG Energy Solution announced May 25 they will build a $4.3 billion electric battery plant as part of Hyundai’s new EV assembly plant in southeast Georgia.
May 26, 2023Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
TuSimple to Cut 151 Jobs at San Diego Headquarters
Self-driving truck company TuSimple Holdings has disclosed more details about plans to reduce its workforce by 30% — including that it will eliminate 151 jobs in San Diego.
May 25, 2023The EV Squeeze: How the US and Europe Compare
MILAN — European governments have historically been more aggressive than the United States in regulating fuel consumption. That is about to change.
May 24, 2023Veto Expected After Congress Rescinds EPA Emissions Rule
A proposal to roll back federal emission standards associated with heavy-duty commercial vehicles advanced to President Joe Biden, who has vowed to veto the legislation.
May 24, 2023Hair Drug-Testing Rule Could Be Finalized by Midsummer
Can the long wait be coming to an end for the Department of Health and Human Services to adopt a drug testing rule allowing the use of hair samples to drug-test drivers?
May 24, 2023Cummins Invests in Jamestown Plant for Fuel-Agnostic Engine
LAKEWOOD, N.Y. — Cummins Inc. is readying a $452 million investment in its 1 million-square-foot Jamestown Engine Plant to produce a fuel-agnostic internal combustion engine platform.
May 24, 2023Lytx: Idling Time Dropped by 16% in 2022
Fleets around the world experienced a 16% year-over-year decline in idling time in 2022, according to customer data from video telematics company Lytx.
May 24, 2023Energy Department Rejects $200 Million Grant to Microvast
WASHINGTON — The Biden administration has canceled plans to award a $200 million grant to a U.S. battery manufacturer amid criticism from Republican lawmakers over the company’s alleged ties to China.
May 24, 2023Why a Down Freight Cycle Is Ideal for Tech Investment
Trucking and logistics firms have seen weak market conditions during the past year as spot freight demand has cooled, truck capacity has loosened and the macroecoÂnomic outlook is uncertain.
May 26, 2023Company Earnings Guidance Is Wrong About 70% of the Time
The pandemic may have upended businesses, but surprisingly it did little to dent managers’ misplaced confidence in their earnings forecasts, new research shows.
May 23, 2023