Uber Considering Spinning Off Freight Logistics Division
Uber Technologies Inc. is exploring whether to spin off its Uber Freight logistics arm in a sale or as a separate publicly traded company to streamline its focus on ride hailing and food delivery, according to people familiar with the matter.
March 9, 2023Reduce Liability and Insurance Costs with Precision GPS
Program Aired: March 9, 2023 2 p.m. ET. The newest positioning technology is 100x more accurate than the current market standard. Such advancement promises trucking companies better ways to mitigate risk, reduce liability, and monitor safety. But how does it work in practice? This seminar explores the practical application of precision GPS and discusses fleet safety, accident reduction, and driver management.
March 9, 2023Trucking Titans Share M&A Tips
ORLANDO, Fla. — The market for buying and selling trucking companies was a hot topic at a recent industry trade show, so it’s little wonder that a discussion with three leaders who share recent experience on the issue drew a crowd.
March 9, 2023Nissan Says New Powertrains May Cut Hybrid Costs Up to 30%
Nissan Motor Co. is developing new modular powertrains that will help streamline production and drive manufacturing costs for hybrid cars down by as much as 30%.
March 9, 2023Combustion Car Sales Struggling to Return to Pre-Pandemic Levels
As the recovery of global auto sales takes shape, it’s becoming clearer that sales of internal combustion vehicles are unlikely to ever return to pre-pandemic levels.
March 9, 2023Mack Trucks Unveils Its First Medium-Duty EV
Mack Trucks has introduced its first electric vehicle for the medium-duty market.
March 8, 2023Mack Announces Services Suite, Expands OTA Updates
ORLANDO, Fla. — Mack Trucks launched a bundled services suite called Mack Premium Service Contracts and announced that it will expand the number of electronic control units enabled for Mack Over the Air updates in the Mack Anthem, Pinnacle and Granite models.
March 8, 2023House Lawmakers Propose 12% Excise Tax Repeal
Legislation to repeal a tax on the purchase of new trucks was introduced in the U.S. House of Representatives.
March 8, 2023Cummins Launches New Brand to Further Zero-Emission Goals
WASHINGTON — Cummins Inc. said it is launching a new brand aimed at accelerating the transition to sustainable energy solutions for commercial applications.
March 8, 2023NTSB to Investigate Safety at Norfolk Southern
In the wake of three high-profile freight train accidents within the last month, including one that caused environmental damage in East Palestine, Ohio, the National Transportation Safety Board announced March 7 it is opening a special investigation into the safety practices of Norfolk Southern Corp.
March 8, 2023