Business

WASHINGTON — Department of Transportation leaders want to make strategic federal investments in infrastructure projects to increase supply chain resiliency and enhance the economy.

If electric vehicle company Nikola can get its hydrogen fuel cell trucks and filling station network operable, the company could pull in hundreds of millions a year from federal incentives.

Electric truck market growth is poised to accelerate even as infrastructure constraints hinder that trajectory, according to experts.

NEW ORLEANS  — Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on March 29 in a sale mandated by last year’s climate bill compromise.

RXO celebrated the grand opening of its newest cross-border facility in Laredo, Texas, the company announced March 29.

Artificial intelligence experts and industry leaders, including Tesla CEO Elon Musk, are calling on developers to hit the pause button on training powerful AI models.

The immediate future of solar-powered vehicles is becoming clear: smaller, lighter, cheaper systems built to subtly augment electric driving, rather than power it in full. 

Florida is now able to train 3,500 truck drivers yearly due to its funding of workforce training as the state approved six new third-party FleetForce truck driving schools.

California Gov. Gavin Newsom signed a new law that gives state regulators the power to penalize oil companies for making too much money, the first of its kind in the country.

Lucid Group Inc. is eliminating 18% of its workforce, including employees and contractors, as the electric vehicle startup looks to cut costs in its second full year of production.