10 Feb Battery-Electric Technologies Face Challenges, Cummins’ Linebarger Says The challenge for emerging battery-electric technologies is the systems have not yet demonstrated benefits that will drive the commercial vehicle market’s adoption of them, Cummins Inc.'s CEO said. Read more...
10 Feb A.P. Moller-Maersk Reports Rebound in Business The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Feb. 10 reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic. Read more...
10 Feb Amazon-Backed Rivian Aims for IPO This Year Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc. and Ford Motor Co., is looking to go public as soon as September at a valuation of about $50 billion and perhaps more, according to people familiar with the matter. Read more...
10 Feb Plus Signs Agreement for Lidar Sensors From Ouster Plus, a developer of automated truck technology, announced Ouster Inc. will provide its digital lidar sensor to outfit key elements of Plus’ automated truck system. Read more...
10 Feb Does Your Business Belong on Our List of Top 50 Logistics Companies? There's only a short time left to submit for our 2021 Top 50 Logistics publication. Read more...
09 Feb C.R. England Files RICO Lawsuit in New Orleans Staged Accident C.R. England on Feb. 9 filed a sweeping federal Racketeer Influenced and Corrupt Organization Act civil lawsuit alleging that a New Orleans law firm and six co-conspirators were paid a total of $4.7 million in a fraudulent settlement for a staged accident with an England tractor-trailer in 2015. Read more...
09 Feb First Trial Set for May 10 in New Orleans Staged Accident Charges Genetta Isreal, a 51-year-old Houston woman indicted for her alleged role in a June 2017 staged accident in New Orleans with a tractor-trailer, is set to go on trial May 10. Read more...
09 Feb L.A. Metro Will Consider Trucking Trends in Congestion Pricing Study People who rely on vehicle travel for work — including freight haulers — will be considered as Los Angeles’ congestion pricing pilot program takes shape. Read more...
09 Feb Main Street Lending Program Spent Only 3% of Total The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to midsize U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released Feb. 9 by the central bank. Read more...
09 Feb Apple More Than Doubled Autonomous Road Tests in 2020 Apple Inc. more than doubled road testing of its self-driving cars in 2020 as its autonomous technology improved, according to a report filed with the California Department of Motor Vehicles. Read more...