09 Sep Uber Freight Opens HQ in Chicago With Expansive Plans Uber Freight, the load-matching business unit of Uber Technologies Inc., announced it has opened its new headquarters in Chicago and plans to hire 2,000 employees over the next three years to handle engineering operations, sales and account management for its operations here and overseas. Read more...
09 Sep Gas Plants Will Be Made Obsolete by Wind, Solar, Study Says Natural gas-fired power plants, which have crushed the economics of coal, are on the path to being undercut themselves by renewable power and big batteries, a study found. Read more...
09 Sep Nissan CEO Ousted Over Pay Scandal Nissan Motor Co. CEO Hiroto Saikawa will step down over a scandal involving inflated stock-linked bonuses, deepening the turmoil that’s enveloped the Japanese automaker since the arrest of former Chairman Carlos Ghosn. Read more...
09 Sep Chinese Auto Giant Invests in Flying-Car Startup Volocopter Billionaire Li Shufu’s Zhejiang Geely Holding Group agreed to invest in flying-car developer Volocopter GmbH as the Chinese auto giant diversifies into technologies that eventually could supplant the traditional gas guzzler. Read more...
09 Sep Allison Acquires Key Suppliers Allison Transmission Holdings Inc., the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced it acquired the assets and certain liabilities of Walker Die Casting, Lewisburg, Tenn., and C&R Tool and Engineering, Muscle Shoals, Ala. Read more...
09 Sep Wisconsin DOT Announces $75 Million for Multimodal Grant Program The Wisconsin Department of Transportation announced it is making $75 million available through its Multimodal Local Supplement grant program, which is designed to address critical transportation needs. Read more...
09 Sep Daimler, Torc Begin Testing Self-Driving Trucks in Virginia Daimler Trucks has begun testing highly automated heavy-duty trucks on Virginia highways in partnership with its subsidiary, Torc Robotics, the companies said. Read more...
06 Sep Bendix Spicer Foundation Brake Expands Kentucky Plant Bendix Spicer Foundation Brake broke ground on a 130,000-square-foot expansion of its wheel-end manufacturing facility in Bowling Green, Ky., according to a company news release Sept. 5. Read more...
06 Sep Plus.ai Enters Joint Venture With Chinese Truck Maker FAW Jiefang Plus.ai, a startup providing self-driving technology, announced a joint venture to develop autonomous trucks with FAW Jiefang, China’s oldest and largest truck manufacturer. Read more...
06 Sep Loadsmart Raises $19 Million to Improve Container Movement Loadsmart, a New York-based digital freight technology company, has raised $19 million to improve the flow of its freight through American ports. Read more...