Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts
Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans.
May 19, 2021States Mobilize to Repair I-40 Bridge, but Closure Likely to Remain for Months
The ongoing Interstate 40 bridge closure is a costly interruption for the trucking industry that will likely stretch on for months.
May 19, 2021Hyliion Q1 Results Lack Revenue, but Product Development Accelerates
Electrified powertrain company Hyliion reported no revenue in the first quarter ended March 31, but mentioned progress with its product development, as it also noted in its first-ever earnings report for the third quarter and again in Q4.
May 19, 2021Capito Sees More Than 50% Chance of Infrastructure Deal
President Joe Biden and Senate Republicans have a greater than 50-50 chance of striking a deal on infrastructure, in the view of top GOP negotiator Sen. Shelley Moore Capito.
May 19, 2021Phillips Connect Hires Jon Morrison as Executive Consultant
Smart-trailer product developer Phillips Connect announced that former Wabco Americas president Jon Morrison will serve as a strategic executive to the company as it looks to increase its market share in trailer connectivity and support a future with autonomous vehicles.
May 19, 2021Convoy Launches Backup, Spot Services for Drop-and-Hook
Convoy launched an automated drop-and-hook service for backup and spot freight to give shippers added flexibility for unexpected demand surges, the digital freight network announced May 19.
May 19, 2021Buttigieg Reinstates Local Hiring Program
WASHINGTON — Transportation Secretary Pete Buttigieg on May 19 reinstated an Obama-era pilot program that aims to aid minority and disadvantaged people by ensuring local hiring for public works construction projects, reversing a decision by the Trump administration.
May 19, 2021Oil That Cooked Fries Is Now Refueling Planes
The world’s biggest maker of renewable diesel says it’s creating a new market for low-carbon jet fuel as passengers slowly return to the skies.
May 19, 2021ATRI Marks 20th Anniversary
The American Transportation Research Institute is marking 20 years of providing the industry with research into the issues it confronts every day.
May 19, 2021Biden Considering Point-of-Sale Rebates for Electric Car Buyers
The Biden administration wants to give consumers rebates for purchasing electric vehicles to help the U.S. compete against China in manufacturing the next generation of automobiles, White House climate adviser Gina McCarthy said.
May 19, 2021