A man who quit his job to report idling semi trucks in New York City claims to make six figures as a semi truck “bounty hunter.” It is technically illegal for semi trucks to idle in New York City for more than three minutes at a time, but drivers who exceed the limit are rarely ...more
Amazon Ramps Up Zoox Robotaxi Factory
In this undated handout photo provided by Zoox, Zoox robotaxis are assembled at a 220,000-square-foot factory located in Hayward, Calif. (Zoox via AP) HAYWARD, Calif. — Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. Tesla ...more
Class 8 Truck Sales Drop 5% Year Over Year in May
A Mack Trucks dealership in Houston. Mack reported sales increased 1.5% to 1,637 units in May from 1,613 in May 2024. (Volvo Group) U.S. Class 8 retail sales experienced a sequential increase in May despite continuing to trend below the prior year, according to data from Wards Intelligence. Sales decreased 5% to 18,778 from the ...more
DOT’s Duffy Announces ‘Road Map’ for Air Taxis
A Wisk Generation 6 autonomous eVTOL prototype aircraft at the Paris Air Show on June 18. (Nathan Laine/Bloomberg) Le BOURGET, France — Air taxi companies have promised for years that the small planes will soon carry customers and make deliveries — but they have yet to metaphorically get off the ground. Now, with intense support ...more
May Trailer Orders Increase 12% From Last Year
McNealy cautioned that expectations for subdued build and order intake levels this year remain intact. (Stoughton Trailers via Facebook) U.S. trailer orders continued fluctuating between year-over-year gains and losses by increasing again during May, ACT Research reported. Preliminary net data showed orders increased 12% to 6,600 units when compared with the same time last year. ...more
AI Vehicle Software Supplier Applied Intuition Raises $600M
“The last eight years have been about building the infrastructure to enable vehicle intelligence at scale,” Ludwig said. (Applied Intuition) Artificial intelligence-powered vehicle software supplier Applied Intuition said June 17 it had raised $600 million in funding, valuing the company at $15 billion. Applied Intuition is building a software-defined operating system for Traton Group, the ...more
Nippon Steel Closes $14.1 Billion Acquisition of US Steel
Logo of Nippon Steel on the exterior of Blast Furnace No. 1 at the company's Kashima Plant in Kashima, Japan. (Ayaka McGill/AP) Nippon Steel Corp. closed its $14.1 billion takeover of United States Steel Corp., bringing to an end an 18-month effort to combine the American and Japanese steelmakers, the companies said in a June ...more
Trump Prepares New Round of Tariffs
President Donald Trump by Al Drago/Bloomberg The Trump administration is pressing ahead with another tariff barrage that some trade experts say is more legally sound than the president’s country-by-country duties and may end up having an equally broad effect on imports. The Commerce Department is set within weeks to announce the outcomes of its investigations ...more
Keyera to Buy Plains’ Canada Natural Gas Liquids Unit for $3.8B
Plains All American Pipeline crude oil storage tanks in West Odessa, Texas. (Angus Mordant/Bloomberg News) Keyera Corp. agreed to buy Plains All American Pipeline’s Canadian natural gas liquids business and some U.S. assets for C$5.15 billion in cash — about $3.8 billion U.S. dollars — significantly bulking up its pipeline system around the country. Plains ...more
Amazon Tells Employees to Relocate to Seattle, Other Hubs
Amazon headquarters in Seattle. (David Ryder/Bloomberg News) Amazon.com Inc. is ordering some corporate employees to move closer to their managers and teams, roiling a workforce already worried about job cuts and warnings from the top that artificial intelligence will shrink their ranks in the coming years. Workers are being told to relocate to such cities ...more