22 Sep C.H. Robinson Releases Spot Market Navigation Tool C.H. Robinson launched a new tool to help businesses navigate spot market costs, the company announced Sept. 20. Read more...
22 Sep Hot Toys Risk Being Sold Out by Black Friday on Supply Woes The most popular toys for kids this holiday season, from nostalgic favorites to cheap items popularized by TikTok, may sell out much sooner as a result of global supply-chain hangups. Read more...
22 Sep Pacific, Atlantic Ports Report Strong Growth in August Amid Tight Supply Chains As volumes continue to surge at the nation’s ports on the coasts of the Pacific, Atlantic and Gulf of Mexico, two of the nation’s biggest facilities — Los Angeles and Long Beach — are taking the first steps to expand their hours of operations to 24/7 to keep up with the backlog of freight. Read more...
22 Sep Workhorse Shares Sink After It Halts Electric Van Deliveries Workhorse Group Inc. shares plunged Sept. 22 to their lowest since May after the embattled electric vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered. Read more...
22 Sep FedEx, Paccar, Aurora Launch Autonomous Trucking Pilot Aurora Innovation Inc., Paccar Inc. and FedEx Corp. launched a commercial pilot of autonomous trucking in Texas. Read more...
22 Sep Ford, Redwood to Partner on Recycling EV Battery Materials Redwood Materials Inc., the startup founded by Tesla alum J.B. Straubel, has formed a partnership with Ford Motor Co. to recycle and reuse key ingredients within the lithium-ion batteries that will power the automaker’s burgeoning fleet of electric vehicles. Read more...
22 Sep VW’s Traton Flags Significant Sales Hit From Chip Shortage Volkswagen AG’s truck division Traton SE became the latest manufacturer to warn the global shortage of semiconductors is jeopardizing deliveries. Read more...
22 Sep Spec’ing Means Choosing What’s Best for Your Application, Experts Say CLEVELAND — Spec’ing a new truck means you’ll need to consider options, metrics and features in light of your own needs, experts said. Read more...
21 Sep House Passes Debt Limit Suspension, Sets Up Standoff in Senate The Democratic-controlled House passed a bill that would suspend the U.S. debt ceiling into December 2022 and provide the government funding to operate past Sept. 30. Republicans have vowed to block it when it reaches the Senate over the debt limit provision. Read more...
21 Sep FedEx Revenue Rises, but Higher Labor Costs Affect Bottom Line FedEx Corp. reported an increase in revenue for its fiscal first quarter, but said rising costs affected bottom-line results for the period. Read more...