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Business, Fuel

Rivian Says Production Increased, Keeps Sales Target at 25,000

A Rivian R1T pickup truck on the assembly line A Rivian R1T pickup truck on the assembly line. (Jamie Kelter Davis/Bloomberg News)

Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.

Ed Ludlow | Bloomberg News
May 11, 2022
Government, Business, Safety, Fuel

California Falls Short in Fight to Curb Emissions

A refinery in Richmond, Calif. A refinery in Richmond, Calif. Oil refiners and other companies have spent more than $19 billion over the years on auctioned permits to emit greenhouse gases. (David Paul Morris/Bloomberg News)

California’s carbon market was supposed to be a model for the U.S., harnessing the power of capitalism to fight climate change in the world’s fifth-biggest economy. But nearly 10 years after “cap and trade” began, there’s little proof the system has had much direct impact on curbing planet-warming pollutants.

David R. Baker | Bloomberg News
May 11, 2022
Business, Equipment, For-Hire

Yellow Narrows Losses, Outlines Goals

Yellow Corp. truck Yellow Corp. increased revenue 5.2% to $1.26 billion compared with $1.19 billion a year ago. (John Sommers II for Transport Topics)

Yellow Corp. posted its best first-quarter results in six years as losses narrowed and revenue increased, the company announced May 10.

Dan Ronan | Associate News Editor
May 11, 2022
Business, Technology, Equipment, For-Hire

VTNA Gets Orders for 90 More VNR Electric Trucks

Volvo VNR Electric Volvo VNR Electric Class 8 by VTNA

LONG BEACH, Calif. — Volvo Trucks North America announced NFI Industries and Quality Custom Distribution, between them, placed orders for an additional 90 Volvo VNR Electric Class 8 vehicles.

Roger Gilroy | Senior Reporter
May 11, 2022
Business, Technology, Safety, Autonomous

Embark Losses Widen From Research, Development Spending

Embark Embark’s truck arrives at the Atlantic Ocean in Jacksonville, Fla., at the conclusion of a coast-to-coast test run. (Embark)

Embark Technology Inc. saw its losses widen in the first quarter as the autonomous trucking technology company spent more of its capital on research and development.

Jerry Hirsch | Contributing Writer
May 11, 2022
Business, Equipment

Toyota’s Quarterly Profit Down on COVID Parts Crunch

Toyota sign A Toyota dealership in Lakewood, Colo. (David Zalubowski/Associated Press)

TOKYO — Toyota’s profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings.

Yuri Kageyama | Associated Press
May 11, 2022
Government, Business

Inflation Hit 8.3% in April but Slows From 40-Year High

gas pump A customer pumps gas at an Exxon gas station on May 10 in Miami. (Marta Lavandier/AP)

WASHINGTON — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.

Christopher Rugaber | Associated Press
May 11, 2022
Business, Technology, Autonomous

Aurora, Covenant Team on Autonomous Trucking Program

Aurora An Aurora autonomous truck. (Aurora Innovations Inc.)

Autonomous driving technology company Aurora Innovation Inc. will collaborate with Covenant Logistics to refine a self-driving truck system that could robotically emulate the speed of human team driving.

Jerry Hirsch | Contributing Writer
May 11, 2022
Government, Business, Safety, Logistics, Private

New York Appeals Court Dismisses Suit Against Amazon

New York Attorney General Letitia James New York Attorney General Letitia James filed the suit, which claimed that Amazon illegally retaliated against workers who spoke up about poor safety conditions in its warehouses. (Seth Wenig/Associated Press)

NEW YORK — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island.

Haleluya Hadero | Associated Press
May 10, 2022

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