Business

TOKYO — Nissan said Nov. 29 it is investing 2 trillion yen ($17.6 billion) over the next five years and developing a cheaper, more powerful battery to boost its electric vehicle lineup.

Autonomous truck technology company Locomation announced an independent environmental impact evaluation found its Autonomous Relay Convoy (ARC) system will dramatically reduce the greenhouse gas footprint, fuel consumption and operating costs of transporting goods by truck.

Business is booming at the California Truck Driving Academy amid a nationwide shortage of longhaul drivers that has led to promises of high pay and instant job offers.

WASHINGTON — U.S. consumer spending rebounded in October, rising by a solid 1.3%, but inflation remains elevated, rising over the past year at the fastest pace in more than three decades.

Nikola Corp.’s founder sold his biggest batch of shares since the U.S. charged him with securities fraud, bringing the total he has disposed of since August to $284 million.

WASHINGTON — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.

The proliferation of technology to run trucking and logistics companies has created a challenge of its own: Modern transportation companies must be able to effectively utilize data flowing from a growing number of discrete applications and systems. 

WASHINGTON — President Joe Biden will require essential, nonresident travelers crossing U.S. land borders, such as truck drivers, government and emergency response officials, to be fully vaccinated beginning on Jan. 22, the administration is planning to announce.