Losses at Hyzon narrowed in the third quarter of 2024, but the hydrogen fuel cell electric truck maker’s cash reserves continue to erode rapidly.
Category: News
Canadian Grant to Electrify Cargo Docks at Port of Quebec
The grant is from Canada’s Green Shipping Corridor Program, which funds low- and zero-emission shipping ventures along with port and terminal equipment and infrastructure.
Northvolt Sells US Battery Plant to California Startup
Northvolt AB, the cash-strapped European battery maker, reached a deal to sell its U.S. factory to a startup that’s trying to reduce America’s reliance on China for batteries.
Fuel Groups Warn of Price Hikes Without Tax Credit Certainty
More than 30 trade groups across the energy, farming and transport sectors say a lack of U.S. government guidance on tax credits is putting Americans at risk of higher fuel prices.
Hedge Fund Seeks Reversal of Yellow Pension Claims
A judge may rule as soon as Nov. 15 on the fate of $6.5 billion in pension claims from bankrupt Yellow Corp. retirees.
US Port Talks Set to Resume as Trump Role Poses a Wild Card
Dockworkers are set to meet with their employers in New Jersey, resuming negotiations on the key issue of automation that sparked a three-day strike at East and Gulf Coast ports last month.
Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million
Volkswagen and Rivian named leaders for their multibillion-dollar joint venture and showcased a prototype electric vehicle, signaling their commitment even as global EV demand softens.
Diesel Price Dips 1.5¢ to $3.521
Diesel prices across the U.S. averaged $3.521 per gallon for the week ending Nov. 11, a 1.5-cent decline from the previous week, according to the U.S. Energy Information Administration.
Canada Post Workers Could Strike Ahead of Shopping Season
The upcoming holiday season could be disrupted by a looming strike at Canada’s largest domestic shipping company.
Nonprofit to Buy Up to 500 Battery-Electric Drayage Trucks
The first customers are set to be carriers operating at the ports of Los Angeles and Long Beach — the largest two ports in the U.S. by import volume.