According to the New York Times, after Monday diesel trucks will not be be added to the list of vehicles “approved to move goods in and out of California’s ports,” Peter Eavis for the publication. California is hoping that incentives “will help spur truckers, automakers, warehouse landlords, utilities and charging companies to make the investments needed to create a carbon-free port truck sector by 2035,” in time for the ban, added the NYT story..Companies that may be impacted by this include: Companies that may be impacted by this include: Paccar (PCAR), Navistar (NAV), Volvo (VLVLY) Daimler Truck (DTRUY), UPS (UPS), Landstar System (LSTR), J.B. Hunt (JBHT) Lion Electric (LEV) Nikola Corporation (NKLA) and BYD (BYDDF).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on UPS:
- Freight transport’s ‘new normal’ is slower growth, Journal of Commerce says
- UPS downgraded to Neutral from Outperform at Daiwa
- FedEx price target lowered to $305 from $322 at JPMorgan
- FedEx sees another ‘strong’ holiday season
- UPS price target raised by $10 at Oppenheimer, here’s why
Questions or Comments about the article? Write to editor@tipranks.com