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Geely’s Farizon Auto to Seek Cash Before IPO

Farizon Auto, Zhejiang Geely Holding Group Co.’s new energy commercial vehicle brand, is considering raising as much as $300 million in fresh funds ahead of a potential U.S. initial public offering, according to people familiar with the matter.

March 24, 2023

Ford: Tennessee EV Plant Could Make 500,000 Trucks a Year

Ford Motor Co. projects its electric F-Series pickup factory under construction in Tennessee will ultimately produce half a million trucks a year, about 40% more than the company forecast in November.

March 24, 2023

US Transborder Truck Freight Jumps 13% in January

North American transborder truck freight in January jumped nearly 13% year-over-year, according to Bureau of Transportation Statistics figures released March 22.

March 23, 2023

New Trucking Coalition Focuses on Clean Energy

A broad-based group representing motor carriers, truck manufacturers and truck dealers has launched a coalition intended to serve as a voice for key trucking industry stakeholders.

March 23, 2023

Renault Seeks Bank Pitches for Listing EV Arm

Renault SA is inviting investment banks to pitch for a role on the planned initial public offering of its Ampere electric vehicle business, according to people familiar with the matter.

March 23, 2023

February Trailer Orders Down 2.6% Year-Over-Year

U.S. trailer orders fell just shy of 26,000 units in February, falling short of the year-ago total, ACT Research reported.

March 22, 2023

Port Leaders to Stress Facilities’ Role in Supply Chain

Port leaders from around the nation will be in Washington on March 27-30 for the annual Legislative Summit hosted by American Association of Port Authorities.

March 22, 2023

VTNA Supplier to Open North American HQ in Virginia

A European-based component supplier to Volvo Trucks North America is locating its new North American headquarters near the vehicle maker’s production factory in Virginia’s New River Valley — a move that the state’s governor praised for bringing a jolt to the region’s business community.

March 22, 2023

Cooking Oil Shortage Looms as Biofuels Gain Appeal

A global biofuel boom is set to drive a shortage of vegetable oils — used for cooking and now increasingly to power trucks and planes — intensifying a debate over food versus fuel.

March 22, 2023