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Tesla’s Elon Musk Now World’s Richest Person

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.

January 7, 2021

Autonomous Startup Used by Mining Trucks Raises $47 Million

Oxbotica, a U.K. company that makes software for running autonomous vehicles, has raised $47 million in a fresh funding round that will go toward developing and deploying its products.

January 6, 2021

Industry Comments Support FHWA Proposal on Infrastructure Design Standards

Public comments submitted to the Federal Highway Administration regarding a recent proposal that would allow more flexibility with design standards when repairing highways and interstates reflect an overwhelming show of support from industry groups and transportation agencies.

January 6, 2021

Clarience Technologies Acquires Ecco Safety Group

Clarience Technologies announced it acquired Ecco Safety Group, which has nearly 50 years of experience in research, design, development, manufacturing and distribution of emergency lighting and audible warning equipment for commercial and emergency vehicles for global markets.

January 6, 2021

TRB Hosting Virtual Annual Conference

The coronavirus pandemic’s impact on transportation modes, the role of transit, and technological advancements will dominate this year’s annual conference of the Transportation Research Board.

January 5, 2021

Rivian Is Close to Raising Funds at $25 Billion Valuation

Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc. and Ford Motor Co., is close to raising a new round of funding valuing it at about $25 billion, according to people familiar with the matter.

January 5, 2021

MATS Postpones March Event

The 50th anniversary of the Mid-America Trucking Show has been postponed due to COVID-19 concerns.

January 5, 2021

Manufacturers Rethink Supply Chains, Eye Reshoring After Events of 2020

A trade war with China and the disruptive effects of the COVID-19 pandemic have U.S. companies starting to question a decades-old strategy of shifting manufacturing operations to low-cost labor markets in China and other Asian nations.

January 4, 2021

Lidar Startup Aeva Adds $200 Million to SPAC Deal

Aeva, a laser-sensor startup founded by two ex-Apple Inc. engineers, is poised to increase its war chest by $200 million with an investment by a Hong Kong-based hedge fund ahead of its public listing via a reverse merger.

January 4, 2021

Trucking Braces for ‘COVID Hangover’ and Ongoing Battles in 2021

As the COVID-19 pandemic stretches into 2021, the trucking industry will continue to address coronavirus-related challenges while confronting issues that existed long before most people had ever touched a face mask.

December 29, 2020