Business

All parts of the U.S. supply chain — not just its ports — need to move to round-the-clock operations to alleviate snarl-ups and reduce overall costs, President Joe Biden’s supply chain czar said.

Elon Musk offloaded $6.9 billion worth of stock in Tesla Inc. to accumulate cash ahead of a trial that could force the billionaire to follow through on an agreement to acquire Twitter Inc.

Truck manufacturer Nikola Corp. has announced a leadership change that places a 20-year automotive industry veteran at its helm.

Truck drivers saw their pay increase in 2021 — some significantly — according to a new study from American Trucking Associations.

Due to a lack of national standards and different practices at electric vehicle charging stations, the Federal Highway Administration is preparing to establish regulations that shape what those stations must be like in states that receive federal funds.

Soaring prices for diesel fuel, rising maintenance costs and higher wages for drivers pushed the price of operating a truck up 12.7% in 2021 to $1.855 per mile — the highest level on record — according a report released Aug. 10 by the American Transportation Research Institute.

UPS announced plans to acquire Italian-based health care logistics firm Bomi Group to expand the reach of its health unit globally.

President Joe Biden enacted into law legislation designed to enhance domestic semiconductor manufacturing and alleviate supply chain bottlenecks.

Tesla, GM, Volkswagen and Ford are among the automakers set to get big orders from Autonomy, a startup offering drivers the option of subscribing to an electric vehicle instead of buying one outright.

State taxes on diesel and gasoline in Georgia will continue to be suspended through Sept. 12 after Gov. Brian Kemp extended an expiring executive order issued earlier this year.