23 Jul EV Pickup Truck Maker Rivian Plans Second US Factory Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., is looking for a location for a second assembly plant in the U.S. before it has produced its first vehicle. Read more...
23 Jul EV Startup Lucid’s SPAC Deal in Jeopardy The blank-check company seeking to buy electric-car startup Lucid Motors Inc. made a last-minute appeal for retail shareholders to vote for the deal amid signs that it’s struggling to win their approval. Read more...
23 Jul Biden Team Plans for Chips Funding Before Congress Acts The Biden administration is laying the groundwork to spend roughly $52 billion on semiconductor research and manufacturing even as it’s awaiting congressional approval of the funding, Commerce Secretary Gina Raimondo said. Read more...
23 Jul Infrastructure Negotiations Continue; Senators Seek Details on Bill Negotiations for a multitrillion-dollar infrastructure package in the U.S. Senate remain tenuous as strong Republican opposition challenges a plan by Democratic leaders to schedule a key floor vote in the waning days of July. Read more...
23 Jul St. Louis Park, Minn., Considers Truck Parking Restrictions Officials in St. Louis Park, Minn., are moving forward with an ordinance that would limit truck parking. Read more...
22 Jul Union Pacific Reports Strong Q2 Earnings Omaha, Neb.-based Union Pacific Corp. reported strong second-quarter results, surpassing expectations of Wall Street analysts. Read more...
22 Jul Infrastructure Deal in Sight After Medicare Agreement A bipartisan group of senators is closing in on a $579 billion infrastructure deal after agreeing to pay for it in part by delaying a Trump-era Medicare regulation, a key Democratic senator said July 22. Read more...
22 Jul CSX Beats Expectations With Q2 Freight Surge Jacksonville, Fla.-based CSX Corp. reported second-quarter earnings that showed a strong uptick in freight shipments, and the company’s financial picture exceeded Wall Street analysts’ expectations. Read more...
22 Jul Mullen Group’s Income Dips, Revenue Rises Mullen Group reported a gain in revenue but saw earnings dip in the second quarter. Read more...
22 Jul Communication With Drivers Key During Disruption Events, Experts Say During disruption events, truckers should be well-informed about the measures that are being taken to help them, experts said in a webinar hosted by the Federal Highway Administration. Read more...