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...
09 Feb House Panel to Include Climate Policy in Infrastructure Bill, Pallone Says Congressional Democrats will look to include climate change-centric policies in upcoming infrastructure funding legislation, according to Frank Pallone, a top policymaker in the House of Representatives. Read more...
09 Feb ZF Expands US Transmission Production ZF Friedrichshafen AG announced it is investing $200 million in commercial vehicle transmission manufacturing in North America. Read more...
09 Feb Aurora Partners With Toyota in Bid to Bring Autonomy to Masses Aurora Innovation Inc., a Silicon Valley-based autonomous-driving startup with at least a $10 billion valuation, has agreed to a long-term strategic partnership with Toyota Motor Corp. and its supplier Denso Corp. that aims to mass produce autonomous vehicles and launch them on ride-hailing networks, including Uber’s, over the next few years. Read more...
09 Feb Uptake Expands Beyond Trial with PepsiCo Uptake Technologies Inc. announced that the U.S. beverage and Frito-Lay divisions of PepsiCo, have begun using its predictive maintenance software beyond the four-month trial period. Read more...
09 Feb Democrat Ron Bloom Named Postal Board Chair Amid Calls to Fire Louis DeJoy The U.S. Postal Service, struggling with slow delivery following disruptive changes by Postmaster General Louis DeJoy, selected a Democrat as its board chairman. Read more...
09 Feb TFI Posts Increases in Profit, Revenue in Q4 TFI International Inc. reported an increase in both profits and revenue in the fourth quarter as it works toward completion of its acquisition of UPS Freight, the less-than-truckload and dedicated truckload divisions of UPS Inc., later this year. Read more...
09 Feb Democrats Cut Off Relief Checks at $200,000 Household Income House Democrats are proposing to limit the next round of COVID-19 relief payments to households earning less than $200,000, after criticism that President Joe Biden’s $1.9 trillion stimulus package would benefit the rich. Read more...