Technology

Shipwell, an Austin, Texas-based startup focused on managing trucking and shipping logistics for businesses, has raised $35 million to continue its growth, the company said Oct. 24.

WASHINGTON — Senate Minority Leader Chuck Schumer is proposing a $462 billion trade-in program to get millions of Americans out of climate-damaging gas vehicles and into electric or hybrid cars over the next decade.

Ever since digital antilock braking systems were mandated in the mid-1990s, an ever-increasing array of electrically powered, data-networked technologies have placed increased demands on the tractor electrical system and databus.

GREENWICH, Conn. — XPO Logistics Inc. announced Oct. 24 that it was teaming up with the Massachusetts Institute of Technology to advance innovation in its industry.

Ford Motor Co. will debut its first battery-electric crossover Nov. 17, the automaker said Oct. 24.

Echo Global Logistics Inc., a Chicago-based technology-enabled transportation management service, said profits dropped by about half in the quarter ended Sept. 30.

A coalition of nearly 40 prominent infrastructure stakeholders has urged the powerful Republican leader of the U.S. Senate to set up consideration for a comprehensive highway bill this year.

Commercial vehicle brake supplier Haldex AB reported lower third-quarter earnings and higher revenue as it increased sales slightly in North America.

Daimler AG, Volvo AB and other truck makers should be ordered to pay 867 million euro ($965 million) over a price-fixing cartel, according to lawyers in Germany for companies that were overcharged.

Elon Musk flipped the script on those who doubted Tesla Inc. could return to profitability and meet aggressive timelines, delivering positive earnings few saw coming and declaring he’s ahead of schedule on a new plant and product.