At an energy conference in Austin in June, CEO Elon Musk said the Tesla Semi probably wouldn’t be produced in large volumes until next year. (Benjamin Fanjoy/Bloomberg) Tesla Inc. is seeking nearly $100 million from the U.S. to build nine electric semi-truck charging stations along a route from the southern border of Texas to northern ...more
BP said it’s increasing its quarterly dividend by 10% and plans to buy back an additional $1.5 billion in stock from shareholders. (Matthew Lloyd/Bloomberg News) LONDON — Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first three months of the ...more
Tesla's Model Y (pictured) and Model S are part of the investigation. (Tesla) DETROIT — U.S. auto safety regulators have opened yet another investigation into safety problems with Tesla vehicles. This time the National Highway Traffic Safety Administration is looking into a dozen complaints about loss of steering control or loss of power steering in ...more
Yellow trucks at a YRC facility in Richfield, Ohio, on July 29. (Sue Ogrocki/Associated Press) Creditors led by Apollo Global Management Inc. are nearing a deal to provide Yellow Corp. with fresh cash during a coming bankruptcy, according to people with knowledge of the matter. The investing giant is finalizing a deal to lead a ...more
A Freightliner truck on display at an industry trade show. Freightliner is a brand of Daimler Truck North America. (John Sommers II for Transport Topics) Daimler Truck AG posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1. ...more
A UPS driver unloads packages for delivery in San Francisco. (David Paul Morris/Bloomberg) Local union leaders voted in favor of a tentative labor agreement that UPS Inc. and the International Brotherhood of Teamsters reached on July 25, an important step forward in finalizing a five-year deal that covers about 340,000 full- and part-time workers at ...more
A test driver at the wheel of a Nikola Tre. (Andreas Gebert/Bloomberg News) A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a fervor for the stock. Shares of the EV maker — that was once seen ...more
The proposed legislation would update programs throughout the Pentagon. (Stefonlinton/Getty Images) A proposal to further facilitate access for trucks to military bases and installations was approved as part of a defense policy bill in the U.S. Senate. By a vote of 86-11, senators backed the must-pass legislation July 27, which would update programs throughout the ...more
Interstate 85 was shut down on Tuesday afternoon for a fire involving two semi trucks. The incident occurred on August 1st in Warren County, North Carolina near the Virginia state line. The NC Highway Patrol reports that a tractor trailer hauling yogurt traveling at 70 mph crashed into the back of another tractor trailer hauling flooring traveling ...more
A semi truck hauling chocolate burned to the ground in California on Monday morning. The incident occurred on July 31st in Placer County, California on Interstate 80 and Highway 174 near Colfax at around 4:30 a.m.According to Fox 40, crews arrived to find the semi truck fully engulfed in flames. Firefighters were able to keep the ...more
