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The Battery Supply Chain Is Finally Coming to America

Redwood Materials Inc., the battery recycling company created by Tesla co-founder J.B. Straubel, said it has reached a deal to supply Panasonic with billions of dollars in critical battery components that will be produced in the U.S. for the first time.

November 15, 2022
BusinessLogisticsPrivate

Walmart’s Grocery Gains Power Sales Beat and Stock Jump

Walmart Inc. jumped Nov. 15 after the retail giant reported strong quarterly results and boosted its annual forecast, putting its shares on pace to erase this year’s losses.

November 15, 2022
GovernmentBusinessLogistics

Wholesale Inflation Eased in October for Fourth Straight Slowdown

Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels.

November 15, 2022
GovernmentBusinessFuel

Diesel Demand Destruction Starting to Look Inevitable, International Agency Says

Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.

November 15, 2022
BusinessTechnologyEquipment

Daimler Reports Strong Q3 Gains Amid Constraints

Daimler Truck Holding AG reported a continued profitable growth path during the third quarter, with rocketing net income and higher revenue despite supply chain constraints and headwinds from raw material and energy prices.

November 15, 2022
GovernmentBusinessSafety

Hutcheson Cites History of Commitment to Gender Equality

DALLAS — The head of the Federal Motor Carrier Safety Administration told a conference hosted by a women’s trucking organization that she has been striving to elevate the vital role women play in the industry throughout her career.

November 15, 2022
BusinessLogisticsFor-Hire

Daseke Founder Sells Shares Amid Board Retirement

Daseke Inc. founder Don Daseke will sell his holdings in the company and step down from its board of directors, the company announced Nov. 14.

November 15, 2022
GovernmentBusinessTechnology

PrePass Urges Caution on CMV Electronic Identifier System

A new PrePass Safety Alliance white paper claims that a proposal to require that trucks have a unique electronic identifier system would not necessarily improve highway safety, and could allow inspectors to monitor the condition of commercial motor vehicles while they are in motion.

November 15, 2022
BusinessEquipmentFuelLogisticsFor-Hire

J.B. Hunt Plans Carbon Emission Intensity Reduction of 32% by 2034

J.B. Hunt Transport Services Inc. set a new goal to reduce its carbon emission intensity 32% by 2034, the company announced Nov. 14.

November 14, 2022
BusinessEquipmentLogisticsFor-HireGlobal Freight

FedEx Freight Unit Furloughs Workers as Cargo Demand Slows

FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.

November 14, 2022

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