Technology
GM to Build Nationwide EV Charging Network
Electric vehicles at a charging station in Seattle. (Seattle Department of Transportation)
General Motors Co. is working with electric-vehicle charging operator EVgo Services to build a nationwide fast-charging infrastructure.
July 31, 2020Amazon Plows Through Pandemic With Record Profit
Boxes move along a conveyor belt at an Amazon fulfillment center in New Jersey. (Michael Nagle/Bloomberg News)
Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity.
July 31, 2020Tech Leads Stock Rebound From Lows Amid Earnings
Jerome Powell, Federal Reserve chairman, testifies during a House Financial Services Committee hearing in Washington on June 30. (Tasos Katopodis/Bloomberg News)
Stocks pared losses as a rally in big technology companies tempered concern over a slow economic rebound. After the close of regular trading, Apple Inc., Amazon .com Inc., Alphabet Inc. and Facebook Inc. jumped as results crushed Wall Street estimates.
July 30, 2020Nikola’s Trevor Milton Says Future of Trucking Is Hydrogen-Based
Nikola's Trevor Milton in 2019. (Nikola Motor Co.)
Nikola Corp. founder and Executive Chairman Trevor Milton believes the hydrogen fuel cell technology that powers his company’s trucks can place Nikola at the forefront of global efforts to toughen clean-air rules while also providing a truck that meets the needs of commercial fleets.
July 30, 2020GM Prodded to Catch Electric-Car Zeitgeist With Name Change
Charging stations for the SAIC GM internal vehicle sharing service stand in China in July 2019. (Gilles Sabrie/Bloomberg News)
General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something avant-garde.
July 30, 2020FBI Warns Truckers That Hackers Could Target ELD Data
Nes/Getty Images
The FBI issued a cautionary notice warning truckers that cyber criminals could target electronic logging device vulnerabilities as a means of seizing business information, but industry experts note that hackers have as yet not found a way to crack into ELD data.
July 30, 2020Wabash, eNow Unite to Produce Zero-Emission Trailer
The MSC reefer trailer (left) and eNow's solar technology. (Wabash)
Wabash National Corp. announced an exclusive agreement with eNow for its solar technology as the companies prepare to sell what they called the most eco-friendly refrigerated haul available on the market.
July 29, 2020TRB Annual Meeting Goes Virtual for 2021
TRB Executive Director Neil Pedersen at the 2019 meeting. (Transportation Research Board via Twitter)
The Transportation Research Board’s 100th annual meeting will be held virtually this winter due to concerns over COVID-19.
July 28, 2020Nikola to Launch New US Plant With Tre Cabover Model
Nikola's Tre model truck, which is scheduled to go into production at the Arizona plant in 2021. (Nikola Corp.)
The battery-electric cabover Nikola Tre model will be the first Class 8 off the assembly line at Nikola's manufacturing facility in Coolidge, Ariz.
July 28, 2020Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade
The Tesla Gigafactory in Shanghai, China, stands illuminated at night. (Qilai Shen/Bloomberg News)
Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.
July 28, 2020