21 Jul Pilot Company Names Jimmy Haslam Chairman, Shameek Konar CEO Effective Jan. 1 Pilot Company announced that CEO Jimmy Haslam will be succeeded in the role by current Chief Strategy Officer Shameek Konar on Jan. 1, 2021, at which point Haslam will become chairman of the board and company founder James Haslam will be named chairman emeritus. Read more...
21 Jul Ford, VW Electric Models May Be Delayed by Trade-Secret Fight Ford Motor Co. and Volkswagen AG warned a swirling legal dispute between two South Korean battery suppliers could threaten their plans to start producing electric vehicles in the U.S. Read more...
21 Jul American Railcar Industries Changes Name to American Industrial Transport Railcar leasing and repair company American Railcar Industries has changed its name to American Industrial Transport, the company announced July 21. Read more...
21 Jul Brent Crude Rises to Four-Month High on Recovery Hopes Oil climbed to the highest level since early March in London on July 21 as hopes for an economic recovery from the coronavirus crisis lifted financial markets. Read more...
21 Jul Drivewyze Receives $60M Investment to Accelerate Growth Trucking technology provider Drivewyze will receive $60 million in financing to help advance its growth through an agreement parent company Intelligent Imaging Systems has reached with an investment firm, according to a July 14 announcement. Read more...
21 Jul SmartHop, Tech Platform for Smaller Carriers, Secures $4.5M Seed Funding Dispatch technology developer SmartHop has closed $4.5 million in early funding, the company announced July 21. Read more...
20 Jul Diesel Slips 0.5¢ After Six Straight Increases After six consecutive weeks of increases, the national retail price of diesel fuel fell by five-tenths of a cent to $2.433 a gallon from $2.438 the previous week. Read more...
20 Jul Tech Drives Indexes Higher on Wall Street After Choppy Start Big technology companies powered stocks higher on Wall Street on July 20, extending the market’s gains after a three-week winning streak. Read more...
20 Jul House Speaker Nancy Pelosi: 'Clock is Ticking’ on Congressional Agenda With Congress ready to finish its summer session this month, negotiations on the next round of COVID-19 stimulus have picked up in the Senate. House Speaker Nancy Pelosi, meanwhile is not impressed with the pace of the talks. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
20 Jul Class 8 Trucks to Be Part of Aurora’s Autonomous Testing in Texas Autonomous vehicle technology developer Aurora plans to launch testing of self-driving Peterbilt Class 8 trucks and smaller vehicles that can be used for package delivery in the Dallas-Fort Worth area this year. Read more...