Can Karno technology generate a buyer for Hyliion?

Unwinding the powertrain business at Hyliion Holdings was uncomfortable, especially for 175 employees who lost their jobs in November. But the leaned-out startup is making some progress in its pivot to energy distribution through a fuel-agnostic power generator.

Whether the plan is sufficient to generate revenue and perhaps attract a buyer for the once high-flying special purpose acquisition company are the big unknowns.

The Karno generator, which Hyliion purchased from GE in August 2022 for its...

https://www.freightwaves.com/news/can-karno-technology-generate-a-buyer-for-hyliion

Inside Zeem Solutions’ bold plan to electrify fleets across the US

The world is hurtling toward electric vehicle adoption, and Paul Gioupis, co-founder and CEO of Zeem Solutions, wants his company to facilitate that transition for commercial fleets.

On What the Truck?!?, Gioupis highlighted Zeem Solutions’ efforts in creating essential EV infrastructure for medium- and heavy-duty fleets. With its flagship EV charging hub near Los Angeles International Airport, equipped with a vast array of both fast and standard charging ports, Zeem stands as a leader in...

https://www.freightwaves.com/news/inside-zeem-solutions-bold-plan-to-electrify-fleets-across-the-us

3 trucking majors combine to advance electric infrastructure

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Three of the nation’s largest medium- and heavy-duty truck makers snagged the apropos acronym PACT...

https://www.freightwaves.com/news/3-trucking-majors-combine-to-advance-electric-infrastructure

Why it still feels like a recession for many

Chart of the Week: Inbound Ocean TEUs Index, Outbound Tender Volume Index – USA  SONAR: IOTI.USA, OTVI.USA

Import demand based on bookings of twenty-foot equivalent units heading into the U.S.

(IOTI) remains down compared to two years ago, but only slightly. Truckload tender volumes (OTVI) are down roughly 25% compared to the same period in 2022. These two figures are effective indicators of goods demand in the U.S. This is the perspective of deterioration that many businesses are still coping...

https://www.freightwaves.com/news/why-it-still-feels-like-a-recession-for-many

Megawatt grants electrify truck charging corridors

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Startup electric truck infrastructure developer WattEV won’t say how much money it has raised from...

https://www.freightwaves.com/news/megawatt-grants-electrify-truck-charging-corridors

DOT tangles with watchdog over $1.5 billion in freight grants

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WASHINGTON — A new federal watchdog report criticizes the U.S. Department of Transportation for not...

https://www.freightwaves.com/news/dot-tangles-with-watchdog-over-1-5-billion-in-freight-grants

Ports of Indiana completing key Mount Vernon infrastructure projects

Ports of Indiana-Mount Vernon is nearing completion of $1.2 million in infrastructure improvement projects launched in 2023. These projects represent the largest annual capital investment at the Mount Vernon port since 2020 and nearly twice the combined total investments of 2021 and 2022.

The final project budgeted in 2023 for Mount Vernon is a double-track rail crossing replacement on Bluff Road that is scheduled for completion soon. The crossing, located on the west side of the port, will be...

https://www.marinelog.com/inland-coastal/ports-of-indiana-completing-key-mount-vernon-infrastructure-projects/

Transport Canada contributes $14M to Winnipeg airport cargo expansion

Winnipeg Richardson International Airport plans to commence construction of a new multitenant air cargo logistics facility in April with the help of additional funding from the government of Canada. 

Transport Canada on Tuesday announced it has invested $14.5 million to boost Manitoba’s global trade connections through increased cargo capacity and efficiency. The federal government previously pledged $22.4 million for the project in 2019. 

Winnipeg is the third Canadian airport this year to...

https://www.freightwaves.com/news/transport-canada-contributes-14m-to-winnipeg-airport-cargo-expansion

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