Technology
Buttigieg Pushes Transportation Budget Amid Infrastructure Talks
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.
June 17, 2021Transportation Companies Prepare for Hurricane Season
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.
June 17, 2021Ford Acquires Battery-Management Startup to Charge EV Fleets
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.
June 17, 2021Electric 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)
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.
June 17, 2021KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion
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.
June 17, 2021Teleworking Travel Habits May Offer Insight on Freight Mobility, Expert Says
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.
June 17, 2021Locomation Adds PGT Trucking to Its Autonomous Convoy
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.
June 16, 2021Alphabet’s Waymo Raises $2.5 Billion After Key Departures
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, 2021GM to Spend More on Electric Vehicles, Add Battery Plants
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.
June 16, 2021Chinese Trucking Startup Seeks $1.6 Billion in US IPO
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