Business

The spending budget for the federal government’s fiscal 2023 includes an increase in funding for the Department of Transportation that is higher than the level requested by the White House.

Toyota Motor Corp. said its global output hit a record for November, thanks in part to solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and spikes in COVID cases in China.

Clean Energy Fuels Corp. announced that it entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners.

A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.

Volvo Trucks North America announced it expanded its network of certified electric vehicle dealers into Ohio. Young Trucks, a fourth-generation, family-owned dealership, recently completed the required training and certification program.

Los Angeles World Airports announced the arrival of its first heavy-duty battery-electric vehicle, marking a significant step in the airport’s transition to a fully electric fleet.

Aurora Innovation Inc. has released Aurora Driver Beta 5.0, the latest version of its integrated hardware and autonomy system, to its autonomous trucking fleet in Texas.

Starting in 2023, Tesla will effectively be banned from advertising its vehicles as Full Self-Driving in California under a new law signed by Gov. Gavin Newsom.

The trucking industry likely will see a continued slowdown in driver recruitment efforts as freight demand continues to normalize in 2023.

Arizona’s governor has allocated $8.9 million to help modernize the port of entry in Douglas, where a new commercial one is being built to bolster the state’s trade with Mexico.