01 Feb Factories Grow at Slower Pace in January SILVER SPRING, Md. — American factories grew in January, but at a slower pace than December. Read more...
01 Feb Battery Maker Microvast Agrees to Merger With Tuscan SPAC Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion. Read more...
01 Feb Intermodal Council Scores Win in Latest Round of Ongoing Case Against Ocean Carriers The Federal Maritime Commission judge overseeing the $1.8 billion case between the Intermodal Motor Carriers Conference of American Trucking Associations and the Ocean Carriers Equipment Management Association has rejected OCEMA’s appeal to have the case stayed. Read more...
29 Jan Daseke Net Income Climbs Despite Revenue Decline Daseke Inc. saw its fourth-quarter results swing to a profit from a year-ago loss, even as revenue declined. Read more...
29 Jan Ryder Expands Truck, Trailer Sharing Service Ryder System Inc. expanded its truck ride-sharing program into California, Tennessee and North Carolina, the company announced Jan. 27. Read more...
29 Jan Biden Revokes Oil Drilling Permits for Additional Review The Biden administration is revoking dozens of invalid drilling permits issued by agency workers without the approval of political appointees, despite a temporary order for such reviews. Read more...
29 Jan Senate Committee Schedules Vote on Raimondo’s Nomination A U.S. Senate panel scheduled a vote to consider the nomination of Gov. Gina Raimondo to become the country’s next secretary of commerce. Read more...
29 Jan Dana Expands Line of Electric Motors, Inverters Dana Inc. announced an expanded family of TM4 Sumo HP electric motors and inverters specifically designed for battery-electric, range-extended and fuel-cell vehicles. Read more...
29 Jan Utility Makes 7-Inch Rear Impact Guard Standard Utility Trailer Manufacturing Co. announced its dry vans, refrigerated vans and flatbeds produced after 2002 can be retrofitted with Utility’s now-standard 7-inch deep, horizontal ICC bumper in order to exceed all rear trailer-guard safety regulations. Read more...
29 Jan Automated Manual Transmissions Become Industry’s Popular Option If a customer wants to drive one of the Class 8 trucks in Ryder’s commercial rental fleet, it will have to be one with an automated manual transmission, which shouldn’t be a problem because that’s what most customers want. Read more...