12 Aug Hyliion Reports Net Loss in Q2 Electrified powertrain systems developer Hyliion Corp. reported a net loss and no revenue in the second quarter but ended the period with $617 million total available liquidity to fund ongoing product development. Read more...
12 Aug Truckload Carriers Association Forms Search Committee to Find New President The Truckload Carriers Association formed a search committee Aug. 10 to find a replacement for President John Lyboldt, who is retiring. Read more...
12 Aug Volvo Delivers Electric Class 8 Truck to New York Metro Area Volvo Trucks North America has delivered its first electric-powered Class 8 truck on the East Coast to New York-based Manhattan Beer Distributors. Read more...
12 Aug Pony.ai Reportedly Seeks Funds at $8 Billion Value Amid Listing Halt Pony .ai is considering a new funding round that could give the self-driving startup a valuation of at least $8 billion after the company put its U.S. listing plans on hold, according to people familiar with the matter. Read more...
12 Aug Senate Confirms NTSB Chairwoman Jennifer Homendy Jennifer Homendy was recently confirmed by the U.S. Senate to become the National Transportation Safety Board’s chairwoman. Read more...
12 Aug FMCSA Asks 14,000 Medical Examiners to Post Missing Results Six months after a critical DOT inspector general audit, federal regulators are asking an estimated 14,000 medical examiners to submit the missing results of truck driver exams they conducted during the seven months the National Registry was offline. Read more...
12 Aug Biden Team Seeks Ways to Address Rising Energy Prices WASHINGTON — President Joe Biden’s administration is moving at home and abroad to try to address concerns about rising energy prices slowing the nation’s recovery from the pandemic-induced recession. Read more...
12 Aug Jobless Claims Near Pandemic Low as Economy Strengthens WASHINGTON — The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand. Read more...
12 Aug Lawsuit Could Delay Replacement for Aging Postal Fleet The delivery of new USPS trucks set for 2023 could be delayed. Read more...
12 Aug Wholesale Prices Rise in July WASHINGTON — Inflation at the wholesale level jumped a higher-than-expected 1% in July, matching the rise from the previous month, and dimming hopes that the upward trajectory of prices would begin to slow. Read more...