Uber Narrows Loss in Fourth Quarter
Uber Technologies continued to post large losses in the fourth quarter, but said its freight business is growing quickly yet remains unprofitable.
February 11, 2021Amazon-Backed Rivian Reportedly Eyes EV Plant in Europe
Rivian Automotive Inc., the electric-vehicle maker backed by Amazon .com Inc., is scouting locations in Europe to build a new factory, according to people familiar with the matter.
February 11, 2021XPO Reports Highest Quarterly Revenue Ever at $4.67 Billion
XPO Logistics Inc. posted better-than-expected earnings and its highest-ever quarterly revenue for the fourth quarter of 2020.
February 11, 2021Connecticut Gov. Ned Lamont Proposes Mileage-Based Fee on Trucks
In his recent budget address, Connecticut Gov. Ned Lamont proposed a mileage-based fee on tractor-trailers estimated to raise $90 million annually.
February 10, 2021Toyota to Add Electric, Plug-in Hybrid Vehicles
DETROIT — Toyota says it will roll out two new battery-electric vehicles and one plug-in gas-electric hybrid in the U.S. this year as the parade of new EVs continues.
February 10, 2021Tribe Transportation Grows Trailer Fleet
Tribe Transportation announced it expanded its fleet with 111 new 53-foot trailers equipped with Carrier Transicold X4 7500 refrigeration units to help it meet demand in the fast-growing life sciences sector, including transport of pharmaceutical products.
February 10, 2021Cruise Posted Most California AV Testing Miles in 2020
Cruise clocked the most miles of any company testing self-driving vehicles in California in 2020, according to new reports from the state’s Department of Motor Vehicles.
February 10, 2021Class 8 Retail Sales Rise 7.7% in January
Class 8 U.S. retail sales in January improved 7.7% compared with a year earlier, reaching 16,844 compared with 15,645 in 2020, WardsAuto .com reported.
February 10, 2021Battery-Electric Technologies Face Challenges, Cummins’ Linebarger Says
The challenge for emerging battery-electric technologies is the systems have not yet demonstrated benefits that will drive the commercial vehicle market’s adoption of them, Cummins Inc.'s CEO said.
February 10, 2021A.P. Moller-Maersk Reports Rebound in Business
The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Feb. 10 reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic.
February 10, 2021