Digital freight broker Convoy announced it raised $260 million in new funding and added a $150 million line of credit as it intends to accelerate the development of its efficiency-focused technologies.
April 22, 2022BusinessTechnologyAutonomous
US Drone Company Zipline Starts Delivering Medicine in Japan
TOKYO — Zipline, an American company that specializes in using autonomously flying drones to deliver medical supplies, has taken off in Japan.
April 21, 2022BusinessTechnologyEquipmentSafetyLogisticsAutonomous
Amazon to Invest $1 Billion in Logistics, Robotics Companies
Amazon.com Inc. says it plans to invest $1 billion in companies developing technologies in logistics, supply chain management and safety, as the retailer seeks to keep an eye on new ideas that might aid its core business.
April 21, 2022GovernmentBusinessTechnologyEquipmentAutonomous
Daimler’s Martin Daum: Autonomous Trucks Will Benefit Industry Without Threatening Jobs
ALBUQUERQUE, N.M. — As autonomous trucks gradually move closer to commercialization, Daimler Truck CEO Martin Daum sees this technology delivering a range of benefits for fleet customers and for society at large.
April 21, 2022BusinessTechnologyFuelAutonomous
Tesla Q1 Earnings 7 Times More Than Year Ago
DETROIT — Tesla reported April 20 that its first-quarter net earnings were more than seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.
April 20, 2022BusinessTechnologyAutonomous
Torc Demonstrates Progress on Road to Autonomous Trucking
ALBUQUERQUE, N.M. — Self-driving truck developer Torc Robotics is expanding its on-road testing and industry partnerships to advance its mission to make hub-to-hub autonomous trucking a reality in the United States by the end of this decade.
April 20, 2022BusinessTechnologyFuelLogisticsAutonomous
Walmart Will Run Forklifts on ‘Green’ Hydrogen in Plug Power Deal
Plug Power Inc.’s bid to become a major supplier of carbon-free hydrogen just won the backing of one of the company’s oldest customers: Walmart Inc.
April 19, 2022GovernmentBusinessTechnologyAutonomous
Rivian’s EV Factory Remains Constrained by Chip Shortage
Rivian Automotive Inc.’s “launch mode” is impressive — at least on its trucks. The assembly lines are perfectly capable of cruising speed; they just need more computer chips.
April 18, 2022GovernmentBusinessTechnologySafetyAutonomous
NHTSA Opens Two Defect Investigations Into Tesla Autopilot
The National Highway Traffic Safety Administration, which has the authority to force recalls, has opened two formal defect investigations that could ultimately lead Tesla Inc. to have to retrofit cars and restrict use of Autopilot in situations it still can’t safely handle.
April 18, 2022BusinessFuelAutonomous
Twitter Adopts ‘Poison Pill’ Defense in Musk Takeover Bid
PROVIDENCE, R.I. — Twitter said April 15 that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company for more than $43 billion and take it private.
April 15, 2022