An Amazon fulfillment center in Robbinsville, N.J. (Michael Nagle/Bloomberg News) Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from the world’s leading watchdog of corporate climate goals. The Science Based Targets initiative, a United Nations-backed entity that validates net-zero plans, has removed Amazon from its list ...more
Martin Daum is CEO and chairman of Daimler’s board of management. (Daimler AG) Daimler Truck AG CEO Martin Daum will temporarily assume the role of chief financial officer at the original equipment manufacturer, the company said Aug. 14. Daum replaces Jochen Goetz, who died unexpectedly Aug. 5, adding the responsibilities of CFO to that of ...more
A Nikola Tre battery-electric heavy duty truck. (Andreas Gebert/Bloomberg News) All the Class 8 Tre battery-electric trucks Nikola Motor sold or sent to potential customers for testing are being recalled, the company said. A total of 209 trucks have been recalled and a temporary hold on new sales is now in place as a result ...more
TuSimple it plans to meet a Sept. 30 deadline to catch up on filing delinquent financial reports to avoid delisting of its Nasdaq stock.(TuSimple) Self-driving truck developer TuSimple Holdings says it won’t be able to file its second-quarter 2023 financial report on time to meet a deadline imposed by the Nasdaq Stock Market. But the ...more
Connor Christensen (left) and his father Ceth. (Gavin Blisset for Illinois Trucking Association) There is more to precision-driving competitions than winning. Perhaps the greatest virtue of truck driving contests is that they often transform into fond memories for most competitors. COMPLETE NTDC COVERAGE: Qualifiers, stories, photos. For Ceth Christensen, camaraderie and building a congenial bond ...more
President Biden disembarks from Marine One on the South Lawn of the White House Aug. 14. (Yuri Gripas/Abaca via Bloomberg News) President Joe Biden urged the United Auto Workers union and Detroit’s Big Three automakers to come to a “fair agreement,” weighing in on tense contract talks with major implications for the U.S. economy. Significant ...more
WendellandCarolyn and pcess609 via Getty Images With the year more than halfway completed, there has been much concern about rising insurance premium costs. However, are we getting close to an environment in which those rates are leveling out or even reversing course? And what are the main factors to get the industry there? Here’s what ...more
Roland Bolduc (left) and Ina Daly by John Sommers II for Transport Topics They make an intriguing pair of friendly rivals. He is the affably charismatic reigning national champion. She is the astutely cerebral taskmaster. His domain is center stage—the “big table,” as he describes it. Hers is solitude found only in the serenity of ...more
XH4D via Getty Images Insurance companies and brokers are finding the benefits in artificial intelligence to better assist trucking companies with their risk management needs. The technology has helped by quickly collecting and deploying data, enhancing safety and potentially paving the way to lower insurance costs, technology and insurance experts said. “Insurance companies are using ...more
SAF-Holland products on display at the company's exhibit booth at TMC 2023 in Orlando, Fla. (John Sommers II for Transport Topics) Sales at SAF-Holland jumped in the second quarter of 2023 on the back of North American trailer and truck markets plus increasing demand for disc-braked axle systems for trailers, the component manufacturer said Aug. ...more
