Tesla Extends Rally With Market Value Nearing Consumer Giant P&G
The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.
August 17, 2020Uber Seeks Court Reprieve After California Shutdown Threat
Uber Technologies Inc. joined Lyft Inc. in asking an appeals court for an extended reprieve on converting California drivers to employees after both companies warned that a rapid overhaul of their business models may force them to suspend operations in their home state.
August 17, 2020Agency OKs $27M to Boost Zero-Emission Vehicles in California
California’s South Coast Air Quality Management District has approved the first installment of $27 million in a program that ultimately will provide up to $90 million to replace higher-polluting Class 8 trucks and port drayage trucks with zero-emission vehicles.
August 17, 2020Navistar Locates NEXT eMobility Unit in Michigan
Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.
August 14, 2020RoadOne Adopts New Sourcing Platform Feature
Cargo Chief announced that Bob Voltmann, outgoing CEO of the Transportation Intermediaries Association, has joined Cargo Chief’s board of directors as an adviser.
August 14, 2020ExxonMobil to Distribute Renewable Diesel
ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.
August 14, 2020Valvoline Launches Second Iteration of Multifuel Engine Oil
Valvoline Inc. launched the second iteration of its heavy-duty engine oil first released in 2018 — Valvoline Premium Blue One Solution Gen2.
August 14, 2020Uber, Lyft Denied Extended Delay of Driver Labor Ruling in California
Uber Technologies Inc. and Lyft Inc. failed to persuade a judge to put an extended hold on his order converting their California drivers to employees while they appeal.
August 13, 2020Michigan Plans Dedicated Road Lanes for Autonomous Vehicles
The state of Michigan and some private partners are taking steps toward building or assigning dedicated lanes for automated vehicles on a 40-mile stretch of highway between Detroit and Ann Arbor.
August 13, 2020J.B. Hunt Progresses Toward Sustainability Goals
J.B. Hunt Transport Services has issued a report that provides a window into the company’s current energy usage and outlines a series of corporatewide sustainability goals it has adopted.
August 13, 2020