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Business, Technology, Autonomous

Tesla’s Elon Musk Now World’s Richest Person

Elon Musk arrives at the Axel Springer Award ceremony in Germany on Dec. 1. (Liesa Johannssen-Koppitz/Bloomberg News) 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, 2021
Business, Technology, Fuel

BayoTech 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, 2021
Government, Business, Technology, Safety, Logistics, Autonomous

FHWA Awards Grant Supporting AV Truck Project at Port of Virginia

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.

Eleanor Lamb | Staff Reporter
January 6, 2021
Business, Technology, Autonomous

Autonomous Startup Used by Mining Trucks Raises $47 Million

An excavator loads ore into an autonomous dump truck. (Bloomberg News) 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.

Amy Thomson | Bloomberg News
January 6, 2021
Government, Business, Technology, Safety

Industry Comments Support FHWA Proposal on Infrastructure Design Standards

Highways 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.

Eleanor Lamb | Staff Reporter
January 6, 2021
Business, Technology, Equipment, Safety

Clarience Technologies Acquires Ecco Safety Group

Clarience products 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, 2021
Government, Business, Technology

TRB Hosting Virtual Annual Conference

TRB employees 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.

Eugene Mulero | Senior Reporter
January 5, 2021
Business, Technology

Rivian Is Close to Raising Funds at $25 Billion Valuation

Rivian logo. (Rivian Automotive)

Rivian Automotive Inc., the electric truck startup backed by 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.

Katie Roof and Ed Ludlow | Bloomberg News
January 5, 2021
Business, Technology, Equipment, Safety

MATS Postpones March Event

MATS 2019 exhibit 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, 2021
Government, Business, Technology, Logistics, Top 100

Manufacturers Rethink Supply Chains, Eye Reshoring After Events of 2020

Toshiba employee 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.

Jerry Hirsch | Contributing Writer
January 4, 2021