03 Feb US Senate Committee Approves Raimondo’s Nomination Rhode Island Gov. Gina Raimondo’s nomination to become the country’s next secretary of commerce advanced to the floor of the U.S. Senate after a committee voted favorably on her qualifications. Read more...
03 Feb Daimler Truck Poised to Become Public Company Daimler AG plans to split up into the world’s largest makers of luxury cars and commercial vehicles, renaming itself Mercedes-Benz and separately listing its truck unit by year-end. Read more...
03 Feb GM’s BrightDrop to Make EV600s for Merchants Fleet DETROIT — Merchants Fleet, a fleet management company, plans to purchase commercial EV vans from General Motors Co.’s newly formed company BrightDrop. Read more...
03 Feb Eaton Reports Higher Q4 Net Income Power management company Eaton Corp. reported higher fourth-quarter net income and a decline in revenue. Read more...
03 Feb Amazon Starts Road Testing Rivian Electric Vans in Los Angeles Amazon.com Inc. began testing the first lot of its Rivian Automotive Inc. electric delivery vans in Los Angeles as it works to fulfill a pledge to meet the goals of the Paris climate accord 10 years early. Read more...
03 Feb EV Startup REE Plans Merger With 10X Capital SPAC REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with 10X Capital Venture Acquisition Corp., a blank-check company, according to people with knowledge of the matter. Read more...
02 Feb Amazon CEO Jeff Bezos to Step Down in Q3 Amazon.com founder Jeff Bezos will step down as the online giant’s CEO but will stay on as executive chairman, the company announced Feb. 2. Read more...
02 Feb New 7/3 Split Sleeper Berth Rule Appears Slow to Gain Popularity A tweak of the hours-of-service (HOS) rule that went into effect on Sept. 29 has put a new 7/3 split in the mix as an alternative to meet 10-hour off-duty requirements in the sleeper berth. It also may be a bit confusing. Read more...
02 Feb Oil Jumps to One-Year High on Depleting Supplies Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally. Read more...
02 Feb FMCSA Clearinghouse Records More Than 56,000 Truck Driver Violations in 2020 More than 56,000 drug and alcohol violations were recorded last year in a database intended to track truck drivers’ compliance history and prevent them from job-hopping in the event of a failed drug test. Read more...