Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.
Category: News
US Trucking Faces Downstream Effects From Suez Canal Attacks
A militant group that is attacking container vessels along the Suez Canal in Egypt is causing shipment disruptions that threaten to inflict downstream effects on the U.S. trucking sector.
Lidar Maker Aeva Wins Multiyear Contract for Daimler Trucks
Aeva Technologies Inc. has won a multiyear contract to supply Daimler Truck Holding AG with technology to help advance autonomous driving on highways.
Goodyear Unveils Plans for Sustainable EV Tires at CES
The Goodyear Tire & Rubber Co. is developing a product for electric vehicles that it says will bolster their competitiveness against gas-powered vehicles by extending tire duration.
Drivewyze Offers Free Access to New Safety System
WASHINGTON — Transportation technology company Drivewyze announced at the Transportation Research Board conference Jan. 9 that it is making its new safety system available at no cost.
Less Volatility in Diesel Prices Expected in 2024
Motor carriers can expect lower prices and less volatility at diesel pumps in 2024, according to experts.
TRB Unveils Critical Issues Report
WASHINGTON — A guiding document outlining issues deemed highly important across transportation modes was unveiled for the annual meeting of the Transportation Research Board.
Berkshire Settles Pilot Travel Sale Claims on Eve of Trial
Berkshire Hathaway has avoided trial by settling allegations it violated the terms of its buyout of Pilot Travel Centers by changing the accounting methods used to value part of the deal.
EV-Charging Firms Could Struggle With Finances in 2024
U.S. electric vehicle charging installations fell significantly last year as companies grappled with financial challenges, according to a BloombergNEF report.
Diesel Drops 4.8¢ to $3.828 a Gallon
The national average diesel price continued its steady descent, shedding 4.8 cents to reach $3.828 a gallon, according to Energy Information Administration data released Jan. 8.