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GovernmentBusinessTechnologyEquipment

Ford, China’s CATL Mull Workaround for New US Battery Plant

Ford Motor Co. and China’s Contemporary Amperex Technology Co. Ltd. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits.

December 15, 2022
GovernmentBusinessSafety

DOT Awards Virginia $97.6 Million in Loans to Improve I-81

Virginia has $97.6 million in two new low-interest federal loans to improve safety and traffic flows along its rolling Interstate 81 that cuts through rural mountain areas in a main trucking route linking southern economic areas and northeast markets.

December 15, 2022
BusinessLogisticsGlobal Freight

Union Pacific’s Embargoes Generate Complaints From Shippers

Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad.

December 15, 2022
BusinessTechnology

Trimble Agrees to Acquire Transporeon for $2 Billion

Trimble announced it has agreed to acquire Transporeon, a cloud-based transportation management software platform focused on connected supply chain infrastructure, in an all-cash transaction valued at $2 billion.

December 15, 2022
BusinessTechnologyEquipment

November Classes 4-7 Sales Dip 2.5%, Second-Least in 2022

November U.S. retail sales of Classes 4-7 trucks overall fell 2.5%. It was the second-smallest decline this year, which so far has posted only one positive month compared with a year earlier, Wards Intelligence reported.

December 14, 2022
GovernmentBusinessLogistics

Expansion Plan Announced for Port of New Orleans

Gov. John Bel Edwards, the Port of New Orleans and two global maritime companies on Dec. 13 announced the formation of a public-private partnership to build a new $1.8 billion container facility on the lower Mississippi River.

December 14, 2022
GovernmentBusiness

Fed Hikes Rate by Half-Point, Signals More to Come

The Federal Reserve reinforced its inflation fight Dec. 14 by raising its key interest rate for the seventh time this year and signaling more hikes to come.

December 14, 2022
GovernmentBusinessTechnologyEquipmentFuel

NACFE Study Shows Flat Fuel Economy for Class 8 Vehicles Surveyed

The North American Council for Freight Efficiency said fuel efficiency in Class 8 trucks participating in its annual fleet study from 2018 to 2020 remained flat at 7.24 mpg after seven previous years of 2% annual increases.

December 14, 2022
BusinessTechnologyAutonomous

Volvo Autonomous Solutions, Uber Freight Announce Partnership

Volvo Autonomous Solutions and freight broker Uber Freight announced a long-term strategic partnership to deploy Volvo’s autonomous transport network within Uber Freight’s marketplace.

December 14, 2022
GovernmentBusinessEquipmentFuel

Southern California Ports to Expand Electrification Efforts

California’s move toward its 2035 goal of requiring all drayage trucks to be zero-emission is ramping up. Port and trucking experts say to achieve that, the hard work needs to be done now and for at least the next 10 years.

December 14, 2022

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