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Business, Technology, Autonomous, TCA

Aurora Raises $483 Million From Public Offering

Aurora Innovation raised $483 million in a public stock offering this week as the autonomous trucking company looks to fund operations beyond its commercial launch later this year.

Evan Robinson-Johnson | Pittsburgh Post-Gazette
August 5, 2024
Business, Logistics, Global Freight, TCA

Sluggish Global Economy Weighs on Germany’s DHL in Q2

FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.

dpa | Hamburg, Germany
August 1, 2024
Government, Business, Technology, TCA

German Agency OKs Volkswagen’s Plans to Buy Rivian Stake

BERLIN — The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in U.S. electric car manufacturer Rivian, it said July 29.

dpa | Hamburg, Germany
July 29, 2024
Government, Business, Logistics, TCA

Gordie Howe International Bridge Links Detroit to Windsor

DETROIT — The U.S. and Canadian sides of the Gordie Howe International Bridge have been connected, marking the bridge as an official border crossing.

Aya Fayad | The Detroit News
July 25, 2024
Business, Technology, Fuel, TCA

Mercedes-Benz to Install EV Chargers at 100 Starbucks

Starbucks and Mercedes-Benz announced a partnership July 17 to install high-power electric vehicle chargers at 100 Starbucks stores across the U.S. 

Zachary Hansen | The Atlanta Journal-Constitution
July 19, 2024
Business, Technology, Equipment, Fuel, TCA

Alternative Powertrain Might Unlock US EV Market

An alternative vehicle powertrain called an EREV that’s booming in China might hold the answer to encouraging Americans to adopt electric cars and trucks.

Breana Noble | The Detroit News
July 17, 2024
Government, Business, Logistics, Global Freight, TCA

Port of Baltimore Terminal to Have $1.54B Impact, Study Finds

The planned Sparrows Point terminal is expected to transform Maryland’s economy over a decade, generating more than 8,000  jobs and adding $1.54 billion a year in economic impact.

Lorraine Mirabella | The Baltimore Sun
July 17, 2024
Government, Business, Technology, Autonomous, TCA

Stellantis Invests Additional $55M in Electric Air Taxi

Stellantis has invested an additional $55 million in the electric air taxi company Archer Aviation following a successful test flight and other major milestones.

Luke Ramseth | The Detroit News
July 2, 2024
Business, Logistics, TCA

C.H. Robinson COO Arun Rajan Becomes CSIO

In an atypical move, C.H. Robinson’s chief operating officer — its No. 2 — is becoming its chief strategy and innovation officer.

Patrick Kennedy | Star Tribune (Minneapolis)
July 2, 2024
Government, Business, Logistics, TCA

New Baltimore Bridge Could Have Higher Clearance

BALTIMORE — Authorities will soon decide if they want to raise the 185-foot vertical clearance of the area's bridges, and by how much. 

Hayes Gardner | Baltimore Sun
July 1, 2024