The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.
February 22, 2022BusinessTechnologyLogistics
Truckload Sector Sees Continued Strength in Q4
The truckload sector continued to experience a strong pricing environment during the fourth quarter amid marginal fleet growth.
February 18, 2022GovernmentBusinessTechnologySafetyLogistics
Elon Musk’s Boring Co. Submits Plan for North Miami Beach Tunnel
Elon Musk’s Boring Co. is seeking to build an underground loop around North Miami Beach for Tesla vehicles, the latest idea to help address traffic in an ever-growing part of Florida with limited public transportation.
February 18, 2022GovernmentBusinessTechnologyFuelTCA
Redwood Materials Works With California on Used Battery Collection
Redwood Materials announced a used battery collection program for California, with Ford and Volvo as project-launch partners.
February 18, 2022BusinessTechnologySafetyAutonomous
Navistar, Nauto Announce Distribution Agreement
Nauto, a provider of AI-based vehicle safety technology, and Navistar International Corp. announced a distribution agreement to make Nauto’s predictive-AI vehicle camera system available for new fleet vehicle purchases or as an upgrade for existing fleet vehicles throughout International Truck’s network of nearly 1,000 dealers.
February 18, 2022BusinessTechnologyFuel
Ford CEO Jim Farley Explores Ways to Separate EV Business
Ford Motor Co. is looking at ways to separate its electric vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers.
February 18, 2022BusinessTechnologyEquipment
Lion Electric Launches New Financing Division
Lion Electric Co. announced the launch of LionCapital Solutions, a new division dedicated to providing customers with flexible financing options specifically tailored to the medium- and heavy-duty electric vehicle market.
February 18, 2022BusinessTechnologyEquipment
Allison Reports Q4 Increases in Net Income, Revenue
Allison Transmission Holdings Inc. reported Q4 net income nearly doubled as diluted earnings per share jumped 117% and revenue in the period climbed 20%.
February 17, 2022GovernmentBusinessTechnologySafetyAutonomous
Tesla Braking Issue Spurs Second NHTSA Probe Related to Autopilot
The National Highway Traffic Safety Administration is investigating complaints of Tesla Inc. cars with Autopilot driver assist that suddenly brake at high speeds, the latest in a string of confrontations between the company and safety regulators.
February 17, 2022BusinessTechnologySafetyAutonomous
Aurora Reports 2021 Results, Plans to Expand in 2022
Self-driving transportation company Aurora Innovation Inc. on Feb. 16 announced that its fourth-quarter and full-year losses widened, but also said that its available cash soared in the wake of becoming a public company late last year.
February 17, 2022