Technology
Tesla’s Elon Musk Now World’s Richest Person
Elon Musk arrives at the Axel Springer Award ceremony in Germany on Dec. 1, 2020. (Liesa Johannssen-Koppitz/Bloomberg News)
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.
January 7, 2021BayoTech Receives More Equity Investment
BayoTech Inc., a developer of on-site hydrogen production systems, announced it received an equity investment of up to $157 million.
January 7, 2021FHWA Awards Grant Supporting AV Truck Project at Port of Virginia
The Port of Virginia received $2.1 million to assist in efforts to make the terminal “autonomous truck ready,” according to FHWA’s announcement. (Luke Sharrett/Bloomberg News)
The Federal Highway Administration recently awarded $49.6 million to support projects that incorporate transportation-related technologies.
January 6, 2021Autonomous Startup Used by Mining Trucks Raises $47 Million
An excavator loads ore into an autonomous dump truck. (Bloomberg News)
Oxbotica, a U.K. company that makes software for running autonomous vehicles, has raised $47 million in a fresh funding round that will go toward developing and deploying its products.
January 6, 2021Industry Comments Support FHWA Proposal on Infrastructure Design Standards
Siri Stafford/Getty Images
Public comments submitted to the Federal Highway Administration regarding a recent proposal that would allow more flexibility with design standards when repairing highways and interstates reflect an overwhelming show of support from industry groups and transportation agencies.
January 6, 2021Clarience Technologies Acquires Ecco Safety Group
Clarience brands include Truck-Lite, Davco Technology, Road Ready, Rigid Industries and Lumitec. (John Sommers II for Transport Topics)
Clarience Technologies announced it acquired Ecco Safety Group, which has nearly 50 years of experience in research, design, development, manufacturing and distribution of emergency lighting and audible warning equipment for commercial and emergency vehicles for global markets.
January 6, 2021TRB Hosting Virtual Annual Conference
NASEM TRB via YouTube
The coronavirus pandemic’s impact on transportation modes, the role of transit, and technological advancements will dominate this year’s annual conference of the Transportation Research Board.
January 5, 2021Rivian Is Close to Raising Funds at $25 Billion Valuation
(Rivian Automotive)
Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc. and Ford Motor Co., is close to raising a new round of funding valuing it at about $25 billion, according to people familiar with the matter.
January 5, 2021MATS Postpones March Event
An exhibit at MATS in 2019. (John Sommers II for Transport Topics)
The 50th anniversary of the Mid-America Trucking Show has been postponed due to COVID-19 concerns.
January 5, 2021Manufacturers Rethink Supply Chains, Eye Reshoring After Events of 2020
An employee works on a power electronic component at the Toshiba International Corp. manufacturing facility in Houston. (Matthew Busch/Bloomberg News)
A trade war with China and the disruptive effects of the COVID-19 pandemic have U.S. companies starting to question a decades-old strategy of shifting manufacturing operations to low-cost labor markets in China and other Asian nations.
January 4, 2021