Superpowers led by the U.S. and European Union have funneled $81 billion toward cranking out the next generation of semiconductors, escalating a showdown with China for chip supremacy.
Category: News
NHTSA Probes Zoox After Two Autonomous SUV Crashes
NHTSA has opened an investigation into Zoox, the autonomous vehicle subsidiary of Amazon.com Inc., after two incidents in which its SUVs suddenly braked and were rear-ended.
U.S. Class 8 Truck Sales Decline 13% in April
U.S. Class 8 retail sales continued the trend of year-over-year declines by falling 12.9% in April, according to data from Wards Intelligence.
Goodyear Q1 Loss Narrows as Restructuring Plan Takes Effect
Losses at tire manufacturer Goodyear narrowed in the first quarter of 2024 due in part to an ongoing restructuring that won positive reviews from analysts.
M&A Deals Require Intention and Involvement During Process
The joining of trucking companies comes with challenges throughout the merger and acquisition process. The slow-moving procedure was exacerbated during the boom/bust cycle of 2022-23.
Freight Market Stabilization Bolsters M&A Optimism
As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.
Senate Leaders Endorse Fiscal 2025 Budget Process
Senate Majority Leader Chuck Schumer this month touted the chamber’s evaluation of the White House’s budget request for fiscal 2025.
New Partnership Brings Renewable Diesel to Southeast US
A new source of renewable diesel is making its way into the southeastern U.S. for commercial operations including trucks operating at the Port of Savannah.
BP Keen to Buy Tesla Supercharging Sites for US Expansion
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.
Port of Long Beach CEO Says Cargo Up Eighth Straight Month
Port of Long Beach CEO Mario Cordero said April numbers will show trade flows coming to the U.S. West Coast are continuing to strengthen.