15 Jun Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives. Read more...
15 Jun Truck Parking Information Needs to Be Functional, Accurate, ATRI Research Says Effectively addressing the truck parking capacity problem will depend on standardization and accuracy, according to a recent white paper from the American Transportation Research Institute. Read more...
15 Jun Dems, White House Give Infrastructure Compromise One Last Chance The White House is giving bipartisan talks on a compromise infrastructure package another week to 10 days to bear fruit and is prepared to endorse a Democrat-only route if that effort fails, according to House lawmakers. Read more...
15 Jun John Kerry: Carbon Capture ‘Key Tool’ to Curb Factory Emissions Carbon capture is emerging as a key strategy for curbing greenhouse-gas emissions from heavy industry, according to U.S. climate envoy John Kerry. Read more...
15 Jun Forward Air Expands LTL Service in Washington Forward Air Corp. will expand its expedited less-than-truckload service into Spokane, Wash., the company announced June 14. Read more...
15 Jun US Industrial Production, Factory Output Climb in May Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May. Read more...
15 Jun GM’s Cruise Unit Starts Preproduction on Autonomous Shuttle Cruise, the self-driving-car unit majority-owned by General Motors Co., has started preproduction on its purpose-built battery-electric autonomous shuttle and boosted its access to cash. Read more...
15 Jun GM, Wabtec Agree to Make Electric and Hydrogen-Powered Trains General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said June 15. Read more...
15 Jun US Retail Sales Drop, Hinting at Shift to Spending on Services U.S. retail sales declined in May, after a stimulus-related splurge in the prior two months, suggesting consumers are starting to shift more of their spending to services as the economy reopens. Read more...
15 Jun Institute for Supply Management Names Four R. Gene Richter Scholarship Winners The Institute for Supply Management announced four recipients of the R. Gene Richter Scholarship. Read more...