Toshiba to Split, Sell Stake in Carrier
TOKYO — Embattled Japanese technology giant Toshiba plans to split into two companies, and intends to sell its joint venture stake in Toshiba Carrier Corp. to U.S.-based Carrier Group, for about 100 billion yen ($877 million).
February 7, 2022TrueNorth CEO Smith Hands President Title to Tillman
TrueNorth President and CEO Jason Smith has handed off the title of president to Trent Tillman, executive vice president of TrueNorth’s transportation division. Tillman will assume the role while retaining his current responsibilities.
February 4, 2022House Passes Bill Promoting Semiconductor Development
The U.S. House of Representatives on Feb. 4 passed an expansive bill that would invest tens of billions in the U.S. tech sector, but Republican objections that it’s too weak on China threaten what Democrats hoped would be a quick election-year win.
February 4, 2022Toshiba to More Than Double Chip Output With New Plant
Toshiba Corp. will build a new wafer fabrication plant for power semiconductors that will more than double its production capacity by March 2025, the company announced Feb. 4.
February 4, 2022TuSimple to Haul Union Pacific Goods Between Tucson, Phoenix
Self-driving truck developer TuSimple says Union Pacific Railroad will be its first customer to move freight on the company’s fully automated trucking route between Tucson and Phoenix, after making a test run on a similar route in December.
February 4, 2022Google to Work With Ford on Detroit Research Hub
DETROIT — Ford Motor Co. announced Feb. 4 that Google is joining the automaker’s effort to transform a once-dilapidated Detroit train station into a research hub focused on electric and self-driving vehicles.
February 4, 2022Cummins Q4 Net Income Falls, Revenue Flat
Cummins Inc. reported a decline in fourth-quarter net income on flat revenue as supply chain constraints continued to present headwinds.
February 3, 2022House Debates Supply Chain Semiconductor Bill
Democratic leaders in the U.S. House of Representatives signaled the likelihood of advancing legislation meant to enhance supply chain connectivity.
February 3, 2022ATA Presses Congress for AV Policy Directives
WASHINGTON — Setting standards for a framework on autonomous vehicle technologies in trucking is a policy priority American Trucking Associations called on federal transportation lawmakers to pursue.
February 3, 2022Wabash Reports Q4 Net Loss, Higher Revenue
Wabash reported a net loss and increased revenue in the fourth quarter as the supply chain continued to struggle to support its production activity, temporarily causing acute disruptions within certain product lines.
February 2, 2022