(Pony AI) Autonomous driving company Pony AI Inc. has confidentially filed for a Hong Kong listing to help raise capital to grow its business, according to people familiar with the situation. A Hong Kong offering may take place this year, but the size isn’t yet known, the people said, asking not to be identified discussing ...more
Beginning July 11, motor carriers that continue to use the revoked devices will be considered as operating without an ELD. (Juan Sorto/Transport Topics) The Federal Motor Carrier Safety Administration has removed eight Gorilla Fleet Safety electronic logging devices from the agency’s list of regulated ELDs “due to the company’s failure to meet the minimum requirements.” ...more
Rolls of steel at the Nucor Corp. plant in Ghent, Ky. (Timothy D. Easley/Associated Press) Nucor Corp., the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems. The company took potentially affected systems offline and implemented other containment measures, Nucor said ...more
Rolf Habben Jansen by Maria Feck/Bloomberg Container carrier Hapag-Lloyd AG is seeing a jump in business this week after the U.S. and China lowered tariffs, the company’s CEO said, as the trade war ceasefire unleashes a wave of pent-up demand for transpacific shipping. “The last couple of days we see a huge surge of volume ...more
A "Made in China" sticker is displayed on a hat at a store in the Chinatown in San Francisco. (Jeff Chiu/Associated Press, File) WASHINGTON — Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with ...more
A "Made in China" sticker is displayed on a hat at a store in the Chinatown in San Francisco. (Jeff Chiu/Associated Press, File) WASHINGTON — Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with ...more
A worker assembles a vehicle on the production line of the Toyota Tsutsumi plant in Toyota City, Japan. (Noriko Hayashi/Bloomberg News) Japan’s biggest carmakers are looking at a hit of more than $19 billion from President Donald Trump’s tariffs that have left the global auto industry reeling. The industry’s top brands warned of a weaker ...more
Transportation Secretary Sean Duffy by Rod Lamkey/Associated Press Transportation Secretary Sean Duffy finalized $607 million in 76 infrastructure grants May 14 among a backlog of 3,200 projects dating to 2020 that had been approved under the Biden administration but left incomplete. “The last administration claimed to ‘build back better,’ but they didn’t build back anything. ...more
(Sky_Blue/Getty Images) China is suspending a trade and investment ban against more than a dozen U.S. companies as part of the trade agreement struck by the world’s two biggest economies. The suspensions started May 14 and will last for 90 days, according to a statement from the Ministry of Commerce. China is also suspending export ...more
The Oklahoma Highway Patrol (OHP) is investigating a commercial vehicle crash in Bryan County caused by brake failure. The crash occurred on May 13 at US 70 and Silo Road in Bryan County, Oklahoma.Troopers say that a commercial vehicle’s brakes failed while approaching a stop light. The driver “took evasive action and swerved to the ...more
