17 Jun Hertz Halts Plan to Sell ‘Worthless’ Stock on SEC Scrutiny Hertz suspended plans to raise cash by selling new shares that the bankrupt car renter described as potentially “worthless” after its proposal failed to pass muster with regulators. Read more...
17 Jun TT Wins Five ASBPE Regional Awards Transport Topics has won five “Azbee” awards from the American Society of Business Publication Editors in the Mid-Atlantic region, including gold awards in three categories. Read more...
17 Jun China’s Meat Testing Threatens to Derail US Pork Exports China’s move to test imported meat for the novel coronavirus is threatening to derail trade with the world’s largest pork consumer, hurting American farmers who had seen shipments boom. Read more...
17 Jun Volkswagen, Battery Firm Eye Pilot Plant for Electric SUV Production Volkswagen has boosted its stake by $200 million in a San Jose, Calif., company that targets solid state battery technology, and the two partners are looking at setting up a pilot plant. Read more...
17 Jun Senator Slams FAA’s ‘Deliberate’ Attempt to Stymie 737 Max Probe A Senate committee chairman sharply criticized the Federal Aviation Administration on June 17 for what he alleged were repeated failures to respond to a committee’s investigation into two crashes of Boeing Co.’s 737 Max. Read more...
17 Jun Uber to Sell Software, Starting With Four-Van Transit Service Uber Technologies Inc. is getting into software. The company is making the technology that powers its ride-hailing business available to others, starting with public transit agencies. Read more...
17 Jun FHWA Grant Supports Automated Truck Corridor on Interstate 70 A team of partners including the Indiana and Ohio departments of transportation has been awarded a federal grant of $4.4 million in support of an automated truck corridor. Read more...
17 Jun Technology Is Key in Fleets’ Response to Coronavirus Pandemic Technology has shaped how trucking companies have navigated through the coronavirus pandemic while setting the resulting economic slowdown apart from past ones. Read more...
17 Jun Nikola Sets Truck Production Schedule, Envisions Autonomous Model Zero-emission truck maker Nikola Corp., which recently jumped to a publicly traded company from its startup perch, has begun building prototypes of its heavy-duty battery-electric model in Germany and is set for groundbreaking on a plant in the United States this summer. Read more...
17 Jun Disappointing Home Construction Starts Belie Firmer Market U.S. home construction starts rose less than forecast in May, indicating builders were slow to resume work and contrasting more recent data that points to a pickup in housing demand. Read more...