Syncreon Holdings Reported to Be Weighing $1.5 Billion Sale
The owners of supply-chain services company Syncreon Holdings are exploring a sale of the company that could value it at as much as $1.5 billion, including debt, according to people with knowledge of the matter.
April 8, 2021Texas Bill Seeks to Reduce Large Jury Verdicts in Crash Lawsuits
A bill making its way through the Texas Legislature could make it more difficult for victims to reap multimillion-dollar jury verdicts against truckers in lawsuits that result in serious injury or death following a crash.
April 8, 2021Peterbilt Announces New Medium-Duty Trucks and Transmission, Updated Engines
Peterbilt Motors Co. announced two new medium-duty box truck models — the 535 and 536 — aimed at the lease and rental segment; and two other models — the 537 and 548 — intended for the vocational “Class 7/8 market” that allow for multiple body builder integrations.
April 7, 2021Stakeholders Advocate Action on Biden’s Infrastructure Plan
With policymakers aiming to commence consideration of President Joe Biden’s $2.25 trillion infrastructure plan this spring, groups representing every corner of the transportation landscape appear united in their calls for action on Capitol Hill.
April 7, 2021EV-Battery Rivals Prod Biden With Rare Trade Veto in Balance
Two of the world’s largest electric-vehicle battery-makers have hired top Washington insiders to hold near-daily meetings with the Biden administration in a battle that could affect the electrification plans of Ford Motor Co. and Volkswagen AG.
April 7, 2021Why Remote Control Isn’t Required for Self-Driving Vehicles
WASHINGTON — As autonomous vehicle testing advances without cohesive federal guidelines, companies are operating under inconsistent or nonexistent rules for how and whether a vehicle is monitored and controlled on the road.
April 7, 2021UPS Orders Electric Aircraft to Transport Cargo Between Facilities
UPS Inc. is ordering 10 electric aircraft that are designed to take off and land like a helicopter, allowing it to fly cargo directly between its facilities in small markets and bypass airports.
April 7, 2021Nikola Loses EVP Heading Fuel Cell Development
Nikola Corp., the troubled hydrogen-powered and battery-electric truck startup, lost a key member of its executive team with the departure of the former head of its fuel cell development program.
April 7, 2021Commodity Shipping Rates Surge; Rally Isn’t Over
For a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for shipping raw materials.
April 7, 2021Shell to Make First Profit From Oil Output Since Pandemic
Royal Dutch Shell Plc expects to make its first profit from pumping oil since the start of the pandemic, the petroleum giant said.
April 7, 2021