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Government, Business, Technology

Buttigieg Pushes Transportation Budget Amid Infrastructure Talks

Buttigieg Buttigieg speaks during a Senate Appropriations Subcommittee hearing in Washington. (Sarah Silbiger/Bloomberg News)

Transportation Secretary Pete Buttigieg called on senators to fund big-ticket transportation programs as congressional leaders continue to craft comprehensive infrastructure policy measures and prepare to consider a multiyear highway bill.

Eugene Mulero | Senior Reporter
June 17, 2021
Business, Technology, Safety, Logistics, Top 100

Transportation Companies Prepare for Hurricane Season

Hurricane A wave hits a beach wall in Florida during Hurricane Nestor in 2019. (Florida Chuck/Getty Images)

Summer means the start of hurricane season in the Atlantic Ocean and many of the world’s biggest transportation companies are taking steps to prepare for what some forecasters say could once again be above-average activity along the Atlantic Coast and the Gulf of Mexico.

Dan Ronan | Associate News Editor
June 17, 2021
Business, Technology, Fuel

Ford Acquires Battery-Management Startup to Charge EV Fleets

The Ford F-150 Lightning on display in New York City The Ford F-150 Lightning on display in New York City. (Ann-Sophie Fjello-Jensen/AP Images for Ford Motor Company)

Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.

Keith Naughton | Bloomberg News
June 17, 2021
Business, Technology, Logistics, Autonomous

Electric Plane Pioneer Pivots to Cargo Drones

Pipistrel Velis Electro, first electric plane certified by European Union Aviation Safety, drives on the tarmac. (Fred Tanneau/AFP/Getty Images) Pipistrel Velis Electro, first electric plane certified by European Union Aviation Safety, drives on the tarmac. (Fred Tanneau/AFP/Getty Images)

The man behind the only electric plane cleared to fly quickly discovered the challenges of converting world-leading technology into profits in a hotly contested, futuristic segment of aviation.

Jan Bratanic | Bloomberg News
June 17, 2021
Business, Technology, Autonomous

KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion

KeepTruckin offers real-time GPS tracking software. (KeepTruckin) KeepTruckin offers real-time GPS tracking software. (KeepTruckin)

KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.

Gillian Tan | Bloomberg News
June 17, 2021
Government, Technology

Teleworking Travel Habits May Offer Insight on Freight Mobility, Expert Says

FHWA graphic showing truck trends from 2017-19 Graphic from Talking Freight webinar that shows trends from 2017-19. (Federal Highway Administration)

Data on the drastic changes in commuting patterns that resulted from the COVID-19 pandemic likely will present useful insight on impacts to freight movement, according to a Federal Highway Administration expert.

Eleanor Lamb | Staff Reporter
June 17, 2021
Business, Technology, Autonomous, Top 100

Locomation Adds PGT Trucking to Its Autonomous Convoy

Locomation Locomation

Self-driving technology company Locomation announced motor carrier PGT Trucking Inc. is the latest fleet to sign up for its human-guided autonomous truck convoying technology.

Roger Gilroy | Senior Reporter
June 16, 2021
Business, Technology, Autonomous

Alphabet’s Waymo Raises $2.5 Billion After Key Departures

Waymo signage on the door of a Chrysler Pacifica autonomous vehicle Waymo signage on the door of a Chrysler Pacifica autonomous vehicle. (Caitlin O'Hara/Bloomberg News)

Waymo, Alphabet Inc.’s self-driving car unit, said it raised $2.5 billion in a recent funding round to help advance its technology and replace a management team rocked by departures.

June 16, 2021
Business, Technology, Equipment, Fuel, Autonomous

GM to Spend More on Electric Vehicles, Add Battery Plants

General Motors bolt A General Motors Co. Chevrolet Bolt electric vehicle for sale at a car dealership. (David Paul Morris/Bloomberg News)

DETROIT — General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.

Tom Krisher | Associated Press
June 16, 2021
Business, Technology

Chinese Trucking Startup Seeks $1.6 Billion in US IPO

FAW Full Truck Alliance's app. The company is described as an "Uber-like" trucking service. (Bloomberg Markets & Finance via YouTube)

Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.

June 16, 2021

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