Michael Lohscheller Named President at Nikola Motor
Nikola Corp. named Michael Lohscheller president of Nikola Motor with the aim of scaling its global heavy-duty truck business.
February 22, 2022Explosion, Fire Rock Marathon’s Huge Louisiana Refinery
Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Feb. 21, threatening to crimp fuel supplies and raise pump prices at a time of already rampant inflation.
February 22, 2022Cummins to Buy Parts Manufacturer Meritor for $3.7 Billion
Engine maker Cummins Inc. is acquiring components manufacturer Meritor in a $3.7 billion cash deal announced Feb. 22.
February 22, 2022Narrow Window to Clear Clogged L.A. Ports Hinges on Demand Waning
The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.
February 22, 2022Truckload Sector Sees Continued Strength in Q4
The truckload sector continued to experience a strong pricing environment during the fourth quarter amid marginal fleet growth.
February 18, 2022Elon Musk’s Boring Co. Submits Plan for North Miami Beach Tunnel
Elon Musk’s Boring Co. is seeking to build an underground loop around North Miami Beach for Tesla vehicles, the latest idea to help address traffic in an ever-growing part of Florida with limited public transportation.
February 18, 2022Redwood Materials Works With California on Used Battery Collection
Redwood Materials announced a used battery collection program for California, with Ford and Volvo as project-launch partners.
February 18, 2022Navistar, Nauto Announce Distribution Agreement
Nauto, a provider of AI-based vehicle safety technology, and Navistar International Corp. announced a distribution agreement to make Nauto’s predictive-AI vehicle camera system available for new fleet vehicle purchases or as an upgrade for existing fleet vehicles throughout International Truck’s network of nearly 1,000 dealers.
February 18, 2022Ford CEO Jim Farley Explores Ways to Separate EV Business
Ford Motor Co. is looking at ways to separate its electric vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers.
February 18, 2022Lion Electric Launches New Financing Division
Lion Electric Co. announced the launch of LionCapital Solutions, a new division dedicated to providing customers with flexible financing options specifically tailored to the medium- and heavy-duty electric vehicle market.
February 18, 2022