Roger Krulak at Gateway Terminal by Robin Buckley of Riverstone Images Studio Connecticut will be home to building manufacturer Fullstack Modular as its headquarters moves from New York’s Brooklyn Navy Yard to Gateway Terminal at the Port of New Haven. Touting its ability to create high-rise buildings faster and more cost-effectively than conventional construction, the ...more
This year's results marked an improvement over 2022, when inspectors placed 13.3% of vehicles out of service. (Commercial Vehicle Safety Alliance via Twitter) More than one of every 10 commercial vehicles inspected on April 19 during a special one-day brake enforcement effort event were sidelined with bad brakes, according to the Commercial Vehicle Safety Alliance. ...more
Spending on new cars soared 6.2%. (Daniel Acker/Bloomberg) WASHINGTON — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April. That was much higher ...more
Gene J. Puskar/Associated Press DETROIT — All of Ford Motor Co.’s current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the U.S. and Canada starting next spring. Ford CEO Jim Farley and Tesla CEO Elon Musk announced the agreement May 25 during a “Twitter Spaces” audio chat. “We think ...more
Chung Eui-sun (center left), executive chairman of Hyundai Motor Group, shakes hands with Georgia Gov. Brian Kemp at the groundbreaking for the Hyundai plant on Oct. 25, 2022, in Ellabell, Ga. (Richard Burkhart/Savannah Morning News via AP, File) ATLANTA — Hyundai Motor Group and LG Energy Solution announced May 25 they will build a $4.3 ...more
United Soybean Board Three Midwest governors are urging the Environmental Protection Agency to revise its biodiesel volumes to encourage lower-cost U.S. fuel, support farmers and help decarbonize transportation. Govs. Kim Reynolds of Iowa, Mike Parson of Missouri and Jim Pillen of Nebraska asked the EPA to adjust its proposed Renewable Fuel Standard (RFS) rules for ...more
A Cummins engine at the Cummins Seymour Engine Plant in Seymour, Ind. (Luke Sharrett/Bloomberg News) Cummins Inc. spinoff Atmus Filtration Technologies Inc. rose 11% in its trading debut after raising $275 million in an initial public offering priced in the middle of a marketed range. Atmus shares, which sold for $19.50 in the IPO, opened ...more
The Lordstown plant in Ohio, where the company planned to build the Endurance electric pickup truck. (Dustin Franz/Bloomberg News) When Foxconn agreed in November to invest as much as $170 million in Lordstown Motors, the deal looked like a much-needed financial lifeline for the fledgling electric vehicle maker. Fast-forward six months, and a dispute between ...more
FedEx Express driver Roland Bolduc checks his rearview mirrors during maneuvers while training for the upcoming truck driving competitions. (Roland Bolduc) In March and April of this year, Roland Bolduc reassembled his training ground, fortified his approach to precision driving and began practicing preventative chaos techniques. The 2022 National Truck Driving Championships grand champion has ...more
Embark Embark Technology is set to be acquired by fellow autonomous vehicle software company Applied Intuition, the companies announced May 25. WHO's WHO IN AUTONOMOUS TRUCKING: Company sketches The announcement puts the equity value at approximately $71 million. Applied Intuition will provide an all-cash transaction as part of a definitive merger agreement signed between the ...more
