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TFI Buys Manitoba-Based TL, LTL Carrier Keystone Western

TFI International bought truckload and less-than-truckload carrier Keystone Western for an undisclosed sum, the company said in a LinkedIn post.

November 13, 2024

Amazon Aims at Temu With Low-Priced Storefront Called Haul

Amazon launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times for rock-bottom prices.

November 13, 2024

Tesla Recalls Cybertrucks a Sixth Time in Year Since Launch

Tesla recalled the Cybertruck a sixth time since the electric pickup launched a year ago, this time over an issue that could lead drivers to lose propulsion and have to pull over.

November 13, 2024

Hyzon Q3 Loss Narrows; Hunt for Funding, Tie-Ups Accelerates

Losses at Hyzon narrowed in the third quarter of 2024, but the hydrogen fuel cell electric truck maker’s cash reserves continue to erode rapidly.

November 13, 2024

Canadian Grant to Electrify Cargo Docks at Port of Quebec

The grant is from Canada’s Green Shipping Corridor Program, which funds low- and zero-emission shipping ventures along with port and terminal equipment and infrastructure.

November 13, 2024

Northvolt Sells US Battery Plant to California Startup

Northvolt AB, the cash-strapped European battery maker, reached a deal to sell its U.S. factory to a startup that’s trying to reduce America’s reliance on China for batteries.

November 13, 2024

Fuel Groups Warn of Price Hikes Without Tax Credit Certainty

More than 30 trade groups across the energy, farming and transport sectors say a lack of U.S. government guidance on tax credits is putting Americans at risk of higher fuel prices.

November 13, 2024

Hedge Fund Seeks Reversal of Yellow Pension Claims

A judge may rule as soon as Nov. 15 on the fate of $6.5 billion in pension claims from bankrupt Yellow Corp. retirees.

November 13, 2024

US Port Talks Set to Resume as Trump Role Poses a Wild Card

Dockworkers are set to meet with their employers in New Jersey, resuming negotiations on the key issue of automation that sparked a three-day strike at East and Gulf Coast ports last month.

November 13, 2024

Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million

Volkswagen and Rivian named leaders for their multibillion-dollar joint venture and showcased a prototype electric vehicle, signaling their commitment even as global EV demand softens.

November 12, 2024