Tesla Profit Blowout Reverses Much of Elon Musk’s Damage to Stock
Tesla Inc. blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.
October 25, 2018Glider Kit Study Drew ‘Inaccurate’ Conclusions, Tennessee Tech Finds
A misconduct investigation completed by Tennessee Technological University concluded that university researchers erred when stating in an industry-funded glider kit study that emissions from the trucks are as clean or cleaner than those from newer trucks.
October 24, 2018Retiring Michigan DOT Chief Kirk Steudle Appointed Econolite Executive
Outgoing Michigan Department of Transportation Director Kirk Steudle has been appointed senior vice president of Econolite, a company that specializes in intelligent transportation systems and traffic management software.
October 24, 2018Alliant to Acquire Hybrid Transit Systems, Expand Freight Transport Service
CEDAR RAPIDS, Iowa — Alliant Energy’s transportation subsidiary has announced plans to buy Cedar Rapids-based Hybrid Transit Systems. The acquisition will add a layer of freight transport to Alliant Energy Transportation.
October 23, 2018New Autonomous Trucking Company Ike Aims to Bring ‘Some Patience’ to Field
Ike, the latest company to emerge from stealth in the autonomous trucking world, wants to take a sober approach to developing the technology.
October 23, 2018E2open Buys Leading Ocean Freight Software Firm Inttra
E2open, an Austin-based software company that provides cloud-based services for the supply chain industry, said Oct. 22 that it had acquired New Jersey-based Inttra, a software company that provides various tools to shippers and carriers in the ocean freight industry.
October 23, 2018Crowley Maritime Christens LNG-Powered Cargo Ship
Fair winds and following seas greeted El Coqui — hailed as the future of modern maritime trade with its cleaner-burning liquefied natural gas engines and cutting-edge technology — as she sailed Oct. 20 from Jacksonville with cargo bound for Puerto Rico.
October 22, 2018Mack, Volvo Enhance Over-the-Air Software Update Capabilities
Mack Trucks and Volvo Trucks have improved upon their over-the-air feature, which allows for updates to occur while a driver has downtime, such as while at a rest stop or home.
October 22, 2018AxleTech, Thor Trucks Partner to Build Heavy-Duty E-Powertrain
AxleTech and Thor Trucks have partnered to create a fully electric commercial vehicle powertrain, according to an Oct. 16 press release. The two will integrate AxleTech’s e-axle technology with Thor’s proprietary battery technology.
October 22, 2018Uber Launches Powerloop, a Trailer-Rental Business, to Build Drop-Freight Network
Uber Technologies Inc. has started Powerloop, a trailer leasing and rental business, to support drop-freight opportunities for carriers and shippers using its Uber Freight load-matching network.
October 22, 2018