Weeks before closing its doors and dismissing employees, Yellow doled out millions in bonuses to executives so they wouldn’t leave the firm during its unraveling, court papers show.
Category: News
Biden’s Rules on Clean Transportation Face a Crucial Test
WASHINGTON — Efforts by the Biden administration to limit pollution from tailpipes face a crucial test as legal challenges brought by GOP-led states head to a federal appeals court.
Port of Long Beach’s Hacegaba Sees Better Days Ahead in 2024
LONG BEACH, Calif — Port of Long Beach Chief Operating Officer Noel Hacegaba said the port is down nearly 27% year-to-date compared with 2022, but he believes business is turning around.
Electric Vehicle Sales Hit Critical Mark
Electric cars are smashing all kinds of records in the U.S. Their share of new cars exceeded 7% for the first half of the year, speeding past a critical tipping point for mass adoption.
August Class 8 Sales Down 1%
U.S. Class 8 retail sales in August stayed about the same from the year-ago period but increased from the prior month, Wards Intelligence reported.
Volvo Charts Customer-Focused Path for Zero-Emission Goals
GOTHENBURG, Sweden — Leaders from Volvo Trucks said they’re taking a customer-focused approach to achieving corporate goals for reduction of carbon emissions.
Startup Merger Partners Eye Class 8 Truck Launch by 2027
Proposed merger partners ElectraMeccanica and Tevva plan to launch a Class 8 hybrid electric and hydrogen-powered truck in the United States in 2027, ElectraMeccanica CEO Susan Docherty said.
ATA Leader Chris Spear Presses Congress for AV Framework
WASHINGTON — Automated vehicles would gain greater adoption with a nationwide policy framework, Chris Spear, president of American Trucking Associations, told members of Congress on Sept. 13.
Nearshoring Boom Faces Growing Pains
The escalation of nearshoring this year has brought an increased need to bolster infrastructure investments and supply chain operations, according to experts.
Commerce Department Touts Indo-Pacific Pact
The U.S. Commerce Department is pitching its landmark multinational pact to strengthen supply chains with 13 Indo-Pacific nations.