News and Events

Transportation Industry News

• Lordstown Nears Deal to Sell Ohio Plant to Taiwan’s Foxconn
  Lordstown Motors Corp., the electric-truck maker running low on cash, is near an agreement to sell its highly politicized Ohio factory to Taiwan’s Foxconn Technology Group, people familiar with the matter said.
• Lawmakers, Stakeholders Press for Port Infrastructure Funds
  WASHINGTON — Funding included in a $3.5 trillion budget bill meant to improve conditions at the country’s commercial ports is backed by congressional transportation leaders, the Biden administration and industry stakeholders.
• New EV Charger Can Provide 62 Miles of Range in 3 Minutes
  ABB Ltd. is preparing to roll out the first of its ultra-fast charging stations in a matter of weeks, providing enough power in less than three minutes to charge any electric car to drive 62 miles.
• Car Sales Drop as Chip Shortages Stymie Buyers
  After sounding an optimistic note in the first half of the year as soaring car prices padded their profits, auto executives have become more resigned to supply chain headaches after recent COVID-19 outbreaks in Malaysia hampered semiconductor production.
• What Q4 and Beyond Have in Store for Transportation
  The outlook for transportation and logistics in the fourth quarter focuses on the lingering effects of the coronavirus pandemic as well as the impending shopping season.
• Capitol Cliffhanger: Federal Funding, Infrastructure Bill Decisions Due
  WASHINGTON — His government overhaul plans at stake, President Joe Biden appeared unable to swiftly strike agreement with two wavering Democratic senators trying to trim back his potentially historic $3.5 trillion measure that will collapse without their support.
• Soldiers Will Haul Fuel to Ease UK Crisis
  LONDON — The British government’s reserve tanker fleet was being deployed Sept. 29 to help deliver gasoline to empty pumps across the U.K., and military drivers will begin operating tankers in the coming days to ease the country’s fuel supply crisis, a top official said.
• Trucking Defense Lawyers Confront Jury Attitudes About Fleets, Drivers
  Legal experts and researchers say juries generally carry negative attitudes about corporate America — and the trucking industry specifically — into the courtroom, making motor carriers susceptible to strategies that plaintiff attorneys employ to steer jurors toward sky-high “nuclear” judgments against fleets.
• Navistar Launches Redesigned International MV Series
  Navistar Inc. announced the launch of the redesigned International MV Series, calling it a reimagining of its Classes 6-7 vocational vehicle that focuses on increased maneuverability, visibility and safety.
• Walmart Stokes Hiring Rush With Plan to Add 150,000 Jobs
  Walmart Inc. is expanding its hiring push with plans to recruit 150,000 store employees, adding to U.S. employers’ search for new workers as the busy holiday season approaches.