“No reasonable jury could find that Mr. Musk did not act recklessly.” That’s the upshot of a federal judge’s review of Tesla Inc. CEO Elon Musk’s 2018 tweets about taking the company private, as revealed in an order that was made public May 10.
May 10, 2022Business
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Government, Business, Fuel 
Musk and Tesla are trying to appeal the judge's ruling. (Al Drago/Bloomberg News)
Musk’s Go-Private Tweets About Tesla Were Reckless, Judge Found
Musk and Tesla are trying to appeal the judge's ruling. (Al Drago/Bloomberg News)TT Podcasts: RoadSigns
Check out the latest podcast episode of our RoadSigns programs. Check back here often as new content is always being added!
Government, Business 
U.S. Trade Representative Katherine Tai calls free trade pacts a “very 20th-century tool” that have their place, but need to be updated to reflect current realities. (Cheriss May/Bloomberg News)
Senators Blast US Trade Chief on Failure to Consult Congress
U.S. Trade Representative Katherine Tai calls free trade pacts a “very 20th-century tool” that have their place, but need to be updated to reflect current realities. (Cheriss May/Bloomberg News)A bipartisan group of the top senators on the committee that deals with trade blasted President Joe Biden’s chief negotiator for failure to adequately consult with lawmakers regarding the administration’s positions.
May 10, 2022 Business, Technology, Fuel 
Gladstein, Neandross & Associates via Twitter
Survey Cites Fleets’ Growing Acceptance of Alt Fuels, Sustainable Tech
Gladstein, Neandross & Associates via TwitterLONG BEACH, Calif. — Overall use of clean fuels and advanced vehicle technologies is rapidly progressing, according to a recent survey of 250 public, private and municipal fleets. But industry experts added that many thorny issues remain.
May 10, 2022 Government, Business, Technology, Safety 
If it becomes law, the legislation would incentivize employers to train employees to obtain a commercial driver license. (John Sommers II for Transport Topics)
Legislators Optimistic About Ohio Bill to Provide Resources for CDL Training
If it becomes law, the legislation would incentivize employers to train employees to obtain a commercial driver license. (John Sommers II for Transport Topics)Two Ohio legislators are optimistic their bill will pass in the General Assembly that would pay 50% of employer expenses to train truck drivers under a four-year tax credit capped at $25,000 per company.
May 10, 2022 Government, Business, Fuel 
A fuel nozzle in vehicle at a Chevron gas station in San Francisco. (David Paul Morris/Bloomberg News)
Gas Prices Hit Record With Driving Season Looming
A fuel nozzle in vehicle at a Chevron gas station in San Francisco. (David Paul Morris/Bloomberg News)Retail gasoline and diesel prices rallied to a record just ahead of the nation’s summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.
May 10, 2022 Business, Technology, Fuel, Autonomous 
Daimler
DTNA Unveils Production-Ready eCascadia at ACT Expo
DaimlerLONG BEACH, Calif. — Freightliner Trucks, a division of Daimler Truck North America, has unveiled its production-ready eCascadia Class 8 electric truck, built on the best-selling heavy-duty truck platform in North America.
May 10, 2022 Business, Technology, Fuel 
The huge hydrogen-powered truck during its unveiling at Anglo American Plc’s platinum mine in Mogalakwena, South Africa, on May 6. (Waldo Swiegers/Bloomberg News)
How Anglo American Developed the World’s Biggest Hydrogen-Fueled Truck
The huge hydrogen-powered truck during its unveiling at Anglo American Plc’s platinum mine in Mogalakwena, South Africa, on May 6. (Waldo Swiegers/Bloomberg News)Four years ago, Anglo American Plc couldn’t find any industry partners to support its idea of replacing open-pit mining’s monster diesel trucks with climate-friendly, green hydrogen-fueled vehicles.
May 10, 2022 Business, Technology, Fuel, Logistics, Global Freight 
HMM's containership 'HMM Algeciras'. (Krisztian Bocsi/Bloomberg News)
HMM to Continue Deploying More Ships as Port Congestion Persists
HMM's containership 'HMM Algeciras'. (Krisztian Bocsi/Bloomberg News)HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.
May 10, 2022 Business, Logistics 
XPO Logistics
XPO Reports Record $3.47 Billion in Revenue for Q1
XPO LogisticsXPO Logistics Inc. reported its highest revenue of any quarter in its history May 9 for the first quarter of 2022.
May 9, 2022 Business, Logistics 
The Port of Long Beach, one of 29 ports on the West Coast who work under the Pacific Maritime Association’s master contract with the International Longshore and Warehouse Union. (Allison Zaucha/Bloomberg News)
Critical Talks to Begin for West Coast Port and Warehouse Workers
The Port of Long Beach, one of 29 ports on the West Coast who work under the Pacific Maritime Association’s master contract with the International Longshore and Warehouse Union. (Allison Zaucha/Bloomberg News)Labor Secretary Marty Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.
May 9, 2022