Summer means the start of hurricane season in the Atlantic Ocean and many of the world’s biggest transportation companies are taking steps to prepare for what some forecasters say could once again be above-average activity along the Atlantic Coast and the Gulf of Mexico.
June 17, 2021Search
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Ford Acquires Battery-Management Startup to Charge EV Fleets
Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.
June 17, 2021Electric Plane Pioneer Pivots to Cargo Drones
The man behind the only electric plane cleared to fly quickly discovered the challenges of converting world-leading technology into profits in a hotly contested, futuristic segment of aviation.
June 17, 2021KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion
KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.
June 17, 2021Teleworking Travel Habits May Offer Insight on Freight Mobility, Expert Says
Data on the drastic changes in commuting patterns that resulted from the COVID-19 pandemic likely will present useful insight on impacts to freight movement, according to a Federal Highway Administration expert.
June 17, 2021Locomation Adds PGT Trucking to Its Autonomous Convoy
Self-driving technology company Locomation announced motor carrier PGT Trucking Inc. is the latest fleet to sign up for its human-guided autonomous truck convoying technology.
June 16, 2021Alphabet’s Waymo Raises $2.5 Billion After Key Departures
Waymo, Alphabet Inc.’s self-driving car unit, said it raised $2.5 billion in a recent funding round to help advance its technology and replace a management team rocked by departures.
June 16, 2021GM to Spend More on Electric Vehicles, Add Battery Plants
DETROIT — General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.
June 16, 2021Chinese Trucking Startup Seeks $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.
June 16, 2021Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand
Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.
June 15, 2021