Wolfspeed, a manufacturer of chips used primarily in EVs, is in line to win $750 million in U.S. government grants as well as $750 million in financing led by Apollo Global Management.
Category: News
BMW CEO: EU Combustion Engine Ban Is ‘No Longer Realistic’
Europe’s plan to effectively ban the sale of combustion engine cars from 2035 will lead to a “massive shrinking” of its automotive industry, according to BMW AG CEO Oliver Zipse.
Walgreens to Close 1,200 US Stores
Walgreens will close about 1,200 locations over the next three years as the drugstore chain seeks to turnaround a struggling U.S. business that contributed to a $3 billion quarterly loss.
Def Leppard Rocks Out at Daimler Truck Event
NASHVILLE, Tenn. — British rockers Def Leppard performed a surprise show for trucking industry leaders and their guests Oct. 14 at the 2024 Daimler Truck Customer Appreciation Event.
FedEx’s ‘Panda Express’ Heads for Washington
A pair of 3-year old giant pandas have left a research facility in Dujiangyan, China, and will soon be flown via FedEx’s Panda Express to Washington.
Freightliner Launches Fifth-Generation Cascadia
Freightliner launched a fifth-generation Cascadia on Oct. 15 after publicly showcasing it for the first time at American Trucking Associations’ Management Conference & Exhibition.
Chris Spear Urges Focus for Industry Ahead of Elections
NASHVILLE, Tenn. — During his wide-ranging keynote speech, Spear praised truck drivers’ essential role in ensuring the viability of the country’s freight supply chain.
Virginia to Fund Logistics Training, Business Sites
Two logistics projects and six proposed business development sites will receive state funds from a $2.5 million package of 21 grants that Virginia recently awarded.
How AI Is Transforming Trucking in the Wake of COVID
NASHVILLE, Tenn. — Trucking has become an early adopter of AI, contrary to historical trends. Samsara data shows 87% of operations leaders already use it, with most planning to increase investment.
ATA Economist Anticipates Freight Market Rebalancing Pains
NASHVILLE, Tenn. — American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance.