13 Nov EV Optimism Surges on Prospect of Biden Administration Electric vehicle startups extended their winning streak on Nov. 13, buoyed by strong earnings results from some of their peers and Joe Biden’s projected presidential win. Read more...
13 Nov Ford May Build Batteries to Power New Wave of EV Models Ford Motor Co. is considering building the batteries to power a fleet of new electric vehicles as it prepares to cut back production of engines for its traditional gasoline-powered models. Read more...
13 Nov KAG Completes Acquisition of Fort Transfer Co. The Kenan Advantage Group Inc. announced it completed the acquisition of Fort Transfer Co. in Morton, Ill. Read more...
13 Nov Meritor Announces CEO Succession Plan Meritor Inc. announced Jay Craig, CEO and president, will transition to the role of executive chairman of the board of directors on Feb. 28, 2021. Chris Villavarayan, executive vice president and chief operating officer, will succeed him in both roles, and will join the board. Read more...
13 Nov Electric Trucks Have Qualities to Improve Diversity, Panelists Say The growing world of electric truck operations offers an opportunity to increase diversity in the industry, experts addressing the Women In Trucking Association’s annual conference said. Read more...
13 Nov October US Trailer Orders Soar to Third-Highest Level Ever U.S. trailer orders for October soared to 54,200, the third-best in industry history, ACT Research reported, citing trailer makers’ preliminary market estimate. Read more...
13 Nov US Consumer Sentiment Unexpectedly Declines on Economic Views U.S. consumer sentiment unexpectedly declined in early November as an increase in COVID-19 infections and the election prompted Americans to reassess their outlooks for the economy and finances. Read more...
13 Nov VW Boosts Tech Spending Within $177 Billion Investment Plan Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the COVID-19 pandemic roils markets. Read more...
12 Nov Biden Administration Ready to Advance Infrastructure Policy, Porcari Says John Porcari, a former senior Obama era transportation official currently working with President-elect Joe Biden’s team, expressed optimism about the incoming administration’s potential for advancing a major infrastructure package. Read more...
12 Nov Panel Discusses What’s Ahead for Greener Diesel Diesel can play a central role for the transportation sector as it moves toward a more sustainable future, a panel of experts said. Read more...