11 Sep Estes Partners With Clean Energy to Expand RNG Vehicle Fleet Clean Energy Fuels Corp. announced Sept. 9 that Estes Express Lines is adding 50 of its renewable natural gas trucks. Read more...
11 Sep XPO Logistics Appoints Erik Caldwell to Head Last-Mile Unit XPO Logistics appointed Erik Caldwell president of its last-mile business unit in North America. Read more...
11 Sep Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for monthslong charters so that they can be ready to store excess barrels if necessary. Read more...
11 Sep House Transportation Leaders Call for Investigation Into EPA The House Transportation and Infrastructure Committee is seeking an investigation into alleged destruction of certain records at the EPA. Read more...
11 Sep Nikola Slumps After Denial of Short Seller Report Just days after announcing a $2 billion agreement with General Motors, Nikola Corp. is fighting back against a “short seller” accusing the startup of deception and lying about its electric technology. Read more...
11 Sep Kentucky Officials Award Funds to Freight-Moving River Ports Kentucky officials recently announced $450,000 has been awarded to five river ports to assist with critical repairs and equipment improvements. Read more...
11 Sep Tesla Plans to Start Shipping Out Cars Made at Shanghai Gigafactory Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market. Read more...
11 Sep Experts Stress Public Trust in AV Tech as E-Commerce Rises As the pandemic prompts people to shop from their homes and rely on contactless delivery services, gaining public trust in automated vehicle technology remains essential, experts said. Read more...
10 Sep US Stocks Resume Sell-off With Tech Battered Anew A fresh sell-off in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations stretched too far in a five-month rally. Treasuries rose with the dollar. Read more...
10 Sep Nikola Disputes Charges of Deception Nikola Corp. shares fell as much as 13% after Hindenburg Research published a report accusing the startup electric-vehicle maker of “deception” and lying about its technology. Read more...