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China’s semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington.

Electric Last Mile Solutions Inc. filed for Chapter 7 bankruptcy in Delaware, making it the first of the electric-vehicle startups that merged with special purpose acquisition companies to go out of business amid the recent market slump. 

U.S. Class 8 retail sales in May rose 13.9% compared with a year earlier to just clear 20,000, Wards Intelligence reported.

Eaton Cummins Automated Transmission Technologies unveiled a new online selector tool, which helps users choose the optimal transmission from its portfolio.

The Federal Highway Administration has issued a $2.36 billion funding notice to open applications for states and local officials to apply for money to improve bridge projects across the nation.

The co-founder of San Diego-based autonomous driving company TuSimple, Mo Chen, announced he started a new company called Hydron to bring to market Class 8 hydrogen-powered trucks equipped with Level 4 autonomous driving technology.

U.S. inflation hit a fresh 40-year high in May, unexpectedly accelerating in a broad advance that pressures the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.

President Joe Biden’s administration is trying to avert another inflation-spawning logjam at the nation’s busiest seaport, just as the economy is starting to recover from the last one.

Bolloré Logistics Canada has launched its first fully electric truck for local deliveries in Montreal, the company announced May 31.