Truck maker Nikola agreed to sell its Phoenix Hydrogen Hub project to partner Fortescue Future Industries for $24 million, the companies said.
Category: News
Knight-Swift Reports 71% Earnings Drop for Q2
Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.
Canada Dockworkers to Vote on New Contract Today
The union representing more than 7,000 dockworkers at two of Canada’s busiest ports is set for a key vote on a new contract today, potentially putting an end to labor unrest.
Volvo Signs Fuel System JV Deal With Canada’s Westport
Truck manufacturer Volvo Group is set to establish a high-pressure gas-injection fuel system joint venture with Westport Fuel Systems.
New Jersey Sues Over NYC Congestion Pricing Plan
A plan to charge motorists driving into midtown Manhattan in New York City was challenged by neighboring New Jersey, which seeks to block the proposal as unfair to commuters.
CSX’s Q2 Profit Falls 15% Annually
OMAHA, Neb. — Fewer shipping container deliveries this spring hurt CSX railroad’s second-quarter profit and offset a sharp increase in shipments of automobiles.
Senate Defense Bill Includes Freight-Centric Policy
WASHINGTON — A must-pass defense policy bill under consideration in the Senate includes a proposal to further facilitate access for trucks to military bases and installations.
Funding Leaders Eye FY24 Bills’ Finalization
Leaders in the House and Senate aim to finalize legislation that would fund the Department of Transportation during fiscal 2024.
California Bill Would Keep Drivers in Autonomous Cabs
California state legislators are moving closer to a final vote on a bill that would for roughly six years require drivers to be in the cab at all times for autonomous trucks.
Canadian Dockworkers May Be Reconsidering Rejected Offer
Dockworkers might be rethinking their position on a tentative deal after calling off a renewed strike this weekend at Canada’s west coast ports, according to Prime Minister Justin Trudeau.