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Government, Business, Fuel

Musk’s Go-Private Tweets About Tesla Were Reckless, Judge Found

Tesla CEO Elon Musk Musk and Tesla are trying to appeal the judge's ruling. (Al Drago/Bloomberg News)

“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.

Joel Rosenblatt | Bloomberg News
May 10, 2022
Government, Business

Senators Blast US Trade Chief on Failure to Consult Congress

Katherine Tai, U.S. trade representative 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.

Eric Martin | Bloomberg News
May 10, 2022
Business, Technology, Fuel

Survey Cites Fleets’ Growing Acceptance of Alt Fuels, Sustainable Tech

Gladstein, Neandross & Associates' sustainable fleets report cover image Gladstein, Neandross & Associates via Twitter

LONG 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.

Roger Gilroy | Senior Reporter
May 10, 2022
Government, Business, Technology, Safety

Legislators Optimistic About Ohio Bill to Provide Resources for CDL Training

Student Driver 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.

Noël Fletcher | Staff Reporter
May 10, 2022
Government, Business, Fuel

Gas Prices Hit Record With Driving Season Looming

A fuel nozzle in vehicle at a Chevron gas station in San Francisco 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

DTNA Unveils Production-Ready eCascadia at ACT Expo

Freightliner eCascadia Daimler

LONG 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.

Roger Gilroy | Senior Reporter
May 10, 2022
Business, Technology, Fuel

How Anglo American Developed the World’s Biggest Hydrogen-Fueled Truck

Anglo American 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.

Antony Sguazzin | Bloomberg News
May 10, 2022
Business, Technology, Fuel, Logistics, Global Freight

HMM to Continue Deploying More Ships as Port Congestion Persists

HMM 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.

Kyunghee Park | Bloomberg News
May 10, 2022
Business, Logistics

XPO Reports Record $3.47 Billion in Revenue for Q1

XPO fleet XPO Logistics

XPO Logistics Inc. reported its highest revenue of any quarter in its history May 9 for the first quarter of 2022.

Connor D. Wolf | Staff Reporter
May 9, 2022
Business, Logistics

Critical Talks to Begin for West Coast Port and Warehouse Workers

The Port of Los Angeles 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.

Dan Ronan | Associate News Editor
May 9, 2022