08 Aug Nikola Raises $100 Million in August Hydrogen-electric truck maker Nikola Motor Co. announced it has quickly raised $100 million of a planned $200 million in C-round funding as it accelerates the scale of its operations. Read more...
07 Aug Heniff Transportation Acquires Miller Transporters In a move that could signal increased consolidation among tank truck fleets, the owner of Heniff Transportation Systems announced the purchase of Miller Transporters, along with Miller Intermodal Logistics Solutions and other affiliated companies. Terms were not disclosed. Read more...
07 Aug EPA to Study Financial Implications of Maritime Emissions Rules The U.S. Environmental Protection Agency has launched a study of the potential economic impact forthcoming regulations that require shipping vessels to burn cleaner fuel might have on other transportation sectors, including trucking. Read more...
07 Aug Mexican Energy Sector Overhaul Could Reduce US Export Demand An ambitious plan to boost Mexico’s oil and gas production could slow the country’s energy sector reforms and hinder trade opportunities for U.S. refiners and pipeline companies that have ramped up exports to meet growing demand there, according to research firm Morningstar. Read more...
07 Aug Commercial Vehicle Group Rides Truck, Construction Markets to Higher 2Q Results Component supplier Commercial Vehicle Group Inc. reported a surge in second-quarter net income and its highest revenue since 2012 amid record heavy-duty truck orders and improvement in the global construction markets. Read more...
07 Aug Ryder Uses Uber Central to Boost Customer Service Ryder System Inc. announced it is using Uber Central to transport drivers and technicians more easily to and from Ryder and customer locations, resulting in less downtime. Read more...
07 Aug Expeditors International Reports 2Q Earnings, Revenue Air and ocean freight forwarder Expeditors International of Washington reported sharply higher profits and strong revenue growth in the second quarter of 2018. Read more...
07 Aug California Responds to Trump’s Call to Rescind State’s Authority Last week, President Donald Trump proposed gutting California’s unique ability to write greenhouse gas emission limits for cars and trucks. Read more...
07 Aug Missouri Agency Looks to Extend CDL Rule Exemption for Veterans The Missouri Department of Revenue has applied to renew its exemption from certain federal regulations pertaining to commercial driver licenses. Read more...
07 Aug Uber Crash May Have Been Avoidable With Volvo’s Tech, IIHS Says The Uber Technologies Inc. self-driving test vehicle that killed a pedestrian in Arizona earlier this year may have been able to avoid the crash had the ride-hailing company not disabled Volvo Cars’ safety system, according to a safety group. Read more...