29 Jul Toyota Defies Chip Shortage to Post Record Output, Sales Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors. Read more...
29 Jul Nikola Founder Trevor Milton Charged With Misleading Investors NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic. Read more...
29 Jul After Infrastructure Deal, Senate Votes to Take Up Bill WASHINGTON — The Senate voted the night of July 28 to begin work on a nearly $1 trillion national infrastructure plan, acting with sudden speed after weeks of fits and starts once the White House and a bipartisan group of senators agreed on major provisions of the package that’s key to President Joe Biden’s agenda. Read more...
28 Jul Echo Global Logistics Posts Q2 Gains Echo Global Logistics reported large gains in both income and profit for the second quarter as it experienced record performance in both its managed transportation and brokerage businesses. Read more...
28 Jul Grant Approved for Norfolk Terminal Rail Expansion Virginia's Commonwealth Transportation Board recently approved a $450,000 grant for Norfolk Terminal LP that will be used to improve goods movement at the facility. Read more...
28 Jul Foreign Chipmakers Could Get Funding Aid, Raimondo Says President Joe Biden will ultimately decide whether foreign chip producers will receive some of the $52 billion in funding planned to help ease the shortage that has hammered manufacturing, Commerce Secretary Gina Raimondo said. Read more...
28 Jul Pilot Rewards 40-Year Driver With Custom Peterbilt Truck Pilot Co. recently recognized one of its longtime drivers with a custom-made Peterbilt truck. Read more...
28 Jul Carriers Must Look Beyond Pay to Attract Drivers, Data Shows Trucking companies are increasingly raising pay to combat driver capacity issues, but in this highly competitive environment that alone may not be enough. Read more...
28 Jul At Mack Trucks Plant, Biden Promotes Manufacturing MACUNGIE, Pa. — President Joe Biden pledged to increase investments in American companies and workforce training during a visit to the Mack Lehigh Valley Operations facility July 28. The trip anchored the White House’s “Made in America Week” campaign. Read more...
28 Jul Federal Judge Dismisses Charges Against Former Pilot Flying J Executives A federal judge on July 28 granted a request by federal prosecutors to dismiss criminal charges against former Pilot Flying J President Mark Hazelwood and two other former company executives, all of whom were scheduled to be retried early next year on charges related to a massive diesel fuel rebate scheme. Read more...