20 Aug Mark Stuebe Named President of Jacobs Vehicle Systems Jacobs Vehicle Systems announced it named Mark Stuebe president. He is a 30-year veteran in the commercial vehicle and industrial manufacturing industries. Read more...
20 Aug Xos Is Latest Electric Truck Maker to Debut as Public Company Los Angeles-based Xos Inc., which is developing fully electric Classes 5-8 commercial vehicles for last-mile service, announced the completion of its business combination with NextGen Acquisition Corp. The combined company will have the name Xos Inc. and its shares began trading Aug. 20 on the Nasdaq Capital Market under the symbol XOS. Read more...
20 Aug Henri Targets Long Island, New England Tropical Storm Henri is set to grow into a hurricane before slamming the Northeast anywhere from Long Island to Massachusetts, bringing heavy rain, a flooding storm surge and thrashing winds to the region starting Aug. 22. Read more...
20 Aug NTSB’s Jennifer Homendy Says Automated Driving Claims Erode Public Trust The nation’s new chief accident investigator wants to send a message: growing public confusion over automated driving systems in the U.S. is threatening to undermine the potential safety benefits of the technology. Read more...
20 Aug As Nuclear Verdicts Drive Up Costs, Focus Is on Safety, Data Escalating insurance costs have become a severe financial headwind for trucking companies in an industry already known for tight profit margins. Read more...
20 Aug The Search for Drivers and the Fight to Keep Them Although career opportunities in trucking are abundant, the driver shortage has been a thorn in the industry’s side for years, and it has only become more severe as freight demand has surged amid the recovery from the COVID-19 pandemic. Read more...
20 Aug Amazon Became Hedge Fund Favorite Just Before Shares Tumbled Hedge funds piled into Amazon.com Inc. in the second quarter, putting themselves on the front line of losses as the stay-at-home trade began to unravel. Read more...
20 Aug Tesla Swaps Year-Away Robotaxis for Year-Away Humanoid Robot More than two years after touting plans to turn Tesla Inc. vehicles into robotaxis that have yet to materialize, Elon Musk held another highly technical event about autonomous driving development. Read more...
19 Aug Transportation Panels Pursue Climate, Clean Energy Priorities in $3.5 Trillion Budget House Speaker Nancy Pelosi is urging Democrats to unify in support of a $3.5 trillion budget proposal that would help advance President Joe Biden’s domestic agenda, including social aid programs and climate change policies. Read more...
19 Aug Supply Chain Challenges Likely to Remain Well Into 2022 As retailers ramp up inventory for a fast-approaching holiday shopping season, experts worry that an already overextended domestic supply chain will be further tested amid overseas ports’ struggles with the COVID-19 delta variant, rising shipping prices and trucking’s persistent and growing driver shortage. Read more...