Category: News

Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.

Federal funding for hydrogen fuel hubs and competition for economic development projects were central themes among state governments in 2023.

President Joe Biden’s administration is weighing a tariff increase on Chinese electric vehicles and other goods, according to people familiar with the matter.

U.S. automakers achieved a record average of 26 miles per gallon for vehicles made in the 2022 model year, but still fell short of current fuel standards, according to EPA data on Dec. 20.

Progress in 2023 for battery-electric trucks was slower than expected, with demand underwhelming and improvements needed for the underlying infrastructure, some OEM executives say.

Carmakers like General Motors and Ford are lobbying against an extraordinary push by U.S. regulators to force a recall of as many as 52 million air bag inflators.

Greenlane plans to use Uber Freight data alongside its own findings in building its proposed public electric and hydrogen commercial vehicle charging network, the joint venture said.

Daimler Truck plans to begin the first on-road customer tests of hydrogen fuel cell-powered Mercedes-Benz GenH2 trucks in global markets in the middle of 2024.

FedEx Corp. reported it missed analyst expectations for income and revenue when the package delivery giant announced second-quarter fiscal 2024 earnings Dec. 19.

It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker despite turmoil in the Red Sea that is forcing some vessels to take longer and more costly routes.