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BusinessTechnologyLogistics

ZS Fund Unites Lily Transportation, Transervice

Private equity firm ZS Fund has acquired dedicated contract carriage company Lily Transportation Corp., the company announced July 11.

July 11, 2023
GovernmentEquipmentLogistics

Arizona to Standardize Truck-Restriction Highway Signs

Arizona has a new law mandating that vehicle weight-restriction signs can only be enforced on state highways if designed by the state transportation department.

July 11, 2023
GovernmentBusinessTechnology

UAW Strike Threats Heat Up Before Detroit Negotiations Begin

Besides the usual haggling over wages, pensions and health care, the UAW union ahead of negotiations with Detroit automakers has set its sights on securing a foothold in the EV industry.

July 11, 2023
GovernmentBusinessTechnologySafety

How High Temperatures Break Down Electric Car Batteries

Electric vehicles, great for combating climate change, don’t do well in extreme heat. It’s a paradox being thrown into relief as multiple U.S. states bake under heat waves.

July 11, 2023
BusinessTechnologyEquipment

Daimler Stresses ‘Transition’ to Green Energy

BOSTON — Daimler Truck during a Capital Market Day event recommitted to its ambitions for expansion of alternative fuels, stressing that diesel will remain an important part of the mix.

July 11, 2023
BusinessTechnologyEquipment

Renault, China’s Geely Sign $8.8 Billion Powertrain Tie-Up

France’s Renault SA has formally signed a joint venture agreement with China’s Zhejiang Geely Holding Group Co. to set up a new combustion engine and hybrid powertrain company.

July 11, 2023
BusinessEquipment

Daimler Truck Increases Full-Year Guidance

BOSTON — Daimler Truck is updating its sales and financial guidance for the year and launching a share buyback program, moves the company said are buoyed by its business momentum.

July 11, 2023
GovernmentBusinessFor-Hire

Yellow Gains Financial Targets Waiver

Yellow Corp. will not have to meet certain financial targets under a deal with its lenders, winning valuable breathing space as it battles the Teamsters union and the threat of bankruptcy.

July 10, 2023
GovernmentFuel

Diesel Prices Jump an Average of 3.9¢ to $3.806 a Gallon

On-highway diesel prices climbed 3.9 cents to a national average of $3.806 a gallon, according to Energy Information Administration data released July 10.

July 10, 2023
GovernmentSafety

Wyoming Lands $13 Million Grant to Improve Interchange

Wyoming officials are eager to start spending a new $13 million federal grant to complete final redesign to modernize a heavily used interchange in Cheyenne that was built in the 1960s.

July 10, 2023

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