Renault to Sell $1.4 Billion Daimler Stake
Renault SA plans to sell shares in Daimler AG worth about $1.4 billion (1.2 billion euros) to secure funds for its turnaround efforts after a record annual loss.
March 11, 2021LG to Invest $4.5 Billion to Expand Battery Capacity in US
LG Chem Ltd. plans to invest $4.5 billion in the U.S. by 2025 and hire 10,000 workers to expand battery capacity.
March 11, 2021Officials Call $202,000 Towing Bill a Textbook Example of a Scam
A Wisconsin motor carrier got a big surprise when one of its tractor-trailers hauling a truckload of cheese had to be pulled from a ditch on I-64 in central Virginia: A $202,000 removal and towing bill.
March 11, 2021Congressional Earmarks Can Be Tool for Advancing Infrastructure Bill, Stakeholders Say
Freight transportation stakeholders said they’d welcome revival of the long-dormant congressional earmark process as part of comprehensive infrastructure legislation later this year.
March 11, 2021Transportation Aid Included in COVID-19 Relief Bill
Aid for transportation programs around the country was approved as part of the nearly $2 trillion COVID-19 relief package signed by President Joe Biden on March 11.
March 11, 2021Isuzu Makes Enhancements on 2022i Model Year N-Series Diesel Trucks
Isuzu Commercial Truck of America Inc. unveiled what it called major changes intended to enhance its 2022 interim model year N-Series diesel trucks.
March 11, 2021Crash Trends a ‘Concern,’ FMCSA Officials Say at Safety Meeting
Speeding, distracted driving, work zone accidents and a lack of seat belt use in fatal truck-occupant crashes remain “areas of concern” among federal trucking regulators, according to a top official at the Federal Motor Carrier Safety Administration.
March 11, 2021Pennsylvania Lawmaker Wants to Pump Brakes on Bridge Toll Plan
A lawmaker wants to apply the brakes to a proposal to toll nine bridges across Pennsylvania — and come up with a broader plan for financing the state’s transportation needs.
March 11, 2021Trucking Industry Making Strides Toward Electrification
Original equipment manufacturers, shippers and environmental activist groups are aligning behind the promised benefits of zero-emission trucks, and are encouraging the trucking industry to accelerate adoption of vehicles powered by alternatives to diesel.
March 11, 2021ATA Task Force to Pursue Predatory Towing at Crash Scenes
An American Trucking Associations council has begun a towing-scam initiative after receiving reports of excessive overcharging for nonconsensual towing of damaged heavy-duty trucks and trailers removed from crash scenes.
March 11, 2021