Bridgestone to Add 380 Jobs as Part of Plant Expansion
Bridgestone Americas is adding 380 new manufacturing jobs as part of an expansion of its tire plant in Morrison, Tenn., the tiremaker announced Aug. 25.
August 26, 2022Geotab Reaches 3 Million Subscribers
Fleet telematics supplier Geotab said more than 3 million vehicles worldwide are now equipped with devices connected to its technology platform.
August 26, 2022Biden Administration Urges Fuel Export Cuts to Restock Northeast
The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.
August 26, 2022Diesel Pinch Looms as World Seeks Relief From Pricey Natural Gas
The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging natural gas prices.
August 26, 2022U.S. Xpress Cuts Nondriving Staff, Slows Spending
CHATTANOOGA, Tenn. — U.S. Xpress Enterprises is hitting the brakes on its spending, cutting its nondriving staff by another 5% this month and looking for ways to dispose of extra real estate and trim other expenses to offset rising costs amid signs of a shipping slowdown in some industries.
August 26, 2022McLeod Updates MPact Market Analysis Tool
McLeod Software has released an updated version of its MPact PRO market analysis tool, designed to give motor carriers and freight brokers deeper insights into rate trends and opportunities to improve profitability.
August 26, 2022Inflation Eases as Consumer Prices Rise 6.3% in July
WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.
August 26, 2022Hyliion Acquires Generator Technology From GE Additive for $37 Million
Hyliion Holdings Corp., a provider of electrified powertrain solutions for Class 8 semi-trucks, announced it entered into a definitive agreement to acquire a new fuel-agnostic generator, the Karno, from GE Additive, a unit of GE.
August 26, 2022California Moves Toward Phasing Out New Gas-Fueled Vehicles
SACRAMENTO, Calif. — California plans to require all new cars, trucks and SUVs to run on electricity or hydrogen by 2035 under a policy approved Aug. 25 by regulators that seeks a dramatic cut in carbon emissions and an eventual end to gasoline-powered vehicles.
August 25, 2022Tesla Split Will Struggle to Feed $280 Billion Rally
After a $280 billion rally since late May, Tesla Inc. is using a trusted method for fueling further gains — a stock split. It may not pan out like that.
August 25, 2022