19 Jan US Automakers Plead for Government Help in Growing Chip Crisis American automakers are asking the U.S. government to help solve a debilitating shortage of computer chips that is closing auto factories worldwide and could restrict production until the fall. Read more...
19 Jan Paccar, Aurora to Partner on Development of Autonomous Trucks Paccar Inc. reached a deal with a California technology startup to develop and sell autonomous versions of two of its most popular Class 8 truck models. Read more...
19 Jan Biden’s Transportation Aid in COVID-19 Package on Congressional Radar The incoming administration is calling on Congress to approve emergency aid for transportation programs as part of a $1.9 trillion pandemic relief package. Read more...
19 Jan More Fleets Are Utilizing Remote Diagnostics A growing number of motor carriers are taking advantage of remote diagnostics to streamline vehicle maintenance and reduce downtime, but fleets must know how to filter through the data to use this information effectively. Read more...
19 Jan Spending on Global Energy Transition Hits Record $500 Billion The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels. Read more...
19 Jan Yellen Says Aid to Jobless, Small Firms ‘Biggest Bang’ for Buck Janet Yellen told lawmakers Jan. 19 that help for the unemployed and small businesses would provide the “biggest bang for the buck” as she made the case for President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan. Read more...
19 Jan Rivian Reportedly Reaches $27.6 Billion Value on New Funds Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc. Read more...
19 Jan Incoming CEO of XPO Spinoff Company Outlines Plans Malcolm Wilson shared his hopes and plans Jan. 15 for when he becomes the first CEO of a new company splitting from XPO Logistics Inc. Read more...
19 Jan Truck Tonnage Surges in December to First Year-Over-Year Gain Since March Trucking closed the tumultuous year of 2020 on an upswing, as truck tonnage in December rose a seasonally adjusted 2.3% year-over-year, American Trucking Associations reported. Read more...
19 Jan GM, Microsoft Lead $2 Billion Funding Round for Cruise General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture. Read more...