Maersk Expands Green Fleet With $1 Billion Order for Vessels
A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, ordered six large containerships that can sail on green methanol as part of the transport giant’s plan to become carbon neutral.
October 5, 2022GXO Gets UK Regulatory Clearance for Clipper Acquisition
GXO Logistics Inc. has received unconditional regulatory clearance in the United Kingdom to acquire Clipper Logistics, the contract logistics provider announced Oct. 4.
October 5, 2022Autonomous Trucking Startup Gatik Is Ditching the Driver in Canada
San Francisco tourists, Phoenix suburbanites and now Canadian bacon — the list of driverless cargo keeps growing.
October 5, 2022Cash Reinvigorates Critical Chicago-Area Transportation Network
CHICAGO — Since as early as 1848, some 12 years before the Civil War, Chicago has been a major center for transportation given its central location in the country, access to newly built railroad lines and the five Great Lakes. Now, more than 170 years later, millions of products pass through its massive transportation network for trucks, rail and air each day.
October 4, 2022US House Lawmakers Introduce EV Tech Bill
Legislation designed to promote research and development programs for vehicle technologies at the U.S. Department of Energy was recently introduced in the U.S. House of Representatives.
October 4, 2022Ford Climbs on Surging Demand for F-150 Lightning, Other EVs
Ford Motor Co. rose more than 7% after the carmaker’s latest quarterly sales results showed growing demand for its lineup of electric vehicles, including its flagship F-150 Lightning plug-in pickup.
October 4, 2022Schumer Says Micron to Bring Microchip Plant to Upstate New York
NEW YORK — Micron, one of the world’s largest microchip manufacturers, is expected to open a semiconductor plant in New York, promising an investment of up to $100 billion and a plant that could bring 50,000 jobs to the state, the Senate majority leader says.
October 4, 2022GM Tops Rival Automakers in Car Sales as Supply Crunch Eases
General Motors Co. made big sales gains in the third quarter in a sign the semiconductor shortage is easing, but the relief may arrive for automakers just as consumers get squeezed by rising interest rates and concerns about the economy.
October 4, 2022Rivian Ramps Up Production, Reaffirms Annual Goal
Rivian Automotive Inc. shares rose in early trading after the automaker reported progress in ramping up production and reaffirmed its goal to build 25,000 electric vehicles this year.
October 4, 2022Nikola Founder Trevor Milton Won’t Testify in Fraud Trial
Nikola Corp. founder Trevor Milton said he wouldn’t take the witness stand in his criminal fraud trial, as the defense prepares to rest its case.
October 3, 2022