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Biden Enacts Fiscal 2024 Bills

Mon, 03/25/2024 - 11:39
Enactment of a fiscal 2024 funding package by President Joe Biden on March 23 paves the way for negotiations on next fiscal year’s funding measures.

Fisker Mulls Bankruptcy After Talks With Automaker Collapse

Mon, 03/25/2024 - 10:16
Struggling electric vehicle startup Fisker Inc. said it needs to renegotiate terms for recent financing or face the possibility of filing for bankruptcy protection.

Nissan Promises Aggressive EV Push

Mon, 03/25/2024 - 09:37
TOKYO — Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process.

Exxon Presses Case for Hydrogen Tax Credit

Mon, 03/25/2024 - 09:13
Exxon Mobil pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the IRA after signing an accord to sell the fuel to Japan’s biggest power provider.

CATL Works With Tesla on Fast-Charging Cells

Mon, 03/25/2024 - 08:44
Contemporary Amperex Technology Co. Ltd. is working on faster charging batteries for Tesla Inc. as Elon Musk’s automaker seeks to defend its market share and roll out an electric car for under $25,000.

Boeing CEO Dave Calhoun to Step Down This Year

Mon, 03/25/2024 - 08:04
Boeing CEO Dave Calhoun will step down from the embattled plane maker at the end of the year after a series of mishaps at one of America’s most storied manufacturers.

The When, How, Where, and What of Produce Season

Mon, 03/25/2024 - 07:00
Produce season will have a tremendous impact on reefer volume, capacity across the board, and pricing. When will it hit, how will it impact capacity, and how much will prices go up?

VW to Test Driverless ID Buzz Van With Passengers on Board

Fri, 03/22/2024 - 21:15
HANOVER, Germany — Volkswagen Commercial Vehicles is to test its self-driving ID Buzz AD electric van for the first time under realistic conditions and with passengers on board.

Lincoln Focuses on Digital Technology Over Electrification

Fri, 03/22/2024 - 16:42
PALM SPRINGS, Calif. — While other small, premium brands have rushed toward high-tech, all-electric drivetrains, Lincoln is taking a different road.

Air Taxi Firm Joby Sees Service Starting in Dubai Before US

Fri, 03/22/2024 - 16:40
Joby Aviation Inc. expects to launch its flying taxi service in Dubai before anywhere else, including the startup’s home turf in the U.S.

Exxon Confident Its Intent With Guyana Contract Will Prevail

Fri, 03/22/2024 - 15:52
Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.

Stellantis to Cut 400 Jobs in US

Fri, 03/22/2024 - 12:40
Stellantis NV is cutting about 400 white-collar jobs in the U.S. as the maker of Jeep and Ram vehicles works to shift its product lineup toward electric cars.

House Approves $1.2 Trillion Package of Spending Bills

Fri, 03/22/2024 - 11:07
WASHINGTON — The House approved a $1.2 trillion package of spending bills on March 22 just a few hours before funding for some key federal agencies is set to expire.

Amazon Delivery Rival Pandion Secures Funding for Expansion

Fri, 03/22/2024 - 08:20
E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon’s delivery — has secured $41.5 million in fresh funds to expand its operation.

FedEx Plans $5 Billion Buyback of Shares

Thu, 03/21/2024 - 17:02
FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.

Uber Freight Bolsters Drop-and-Hook Solution Nationwide

Thu, 03/21/2024 - 16:14
Uber Freight has scaled up its drop-and-hook capacity solution nationally with new freight network optimization capabilities, the company announced March 21.

Drought Threatens to Snarl Mississippi River Traffic Again

Thu, 03/21/2024 - 13:32
The Mississippi River is at risk of bottlenecks for a third straight year as warm, dry spring weather and low winter snowpack limit the amount of water feeding into it.

Big Grocers Profited From Pandemic More Than Smaller Rivals

Thu, 03/21/2024 - 12:55
Large grocery retailers’ annual profits rose during the COVID-19 pandemic and have remained elevated since, which warrants deeper scrutiny, says a report by the Federal Trade Commission.

GOP Lawmaker Calls for Contractor Rule Suspension

Thu, 03/21/2024 - 12:49
Rep. Kevin Kiley is among a contingent of lawmakers advancing a congressional maneuver that would pause enforcement of a federal employee classification rule that affects truck drivers.

Pittsburgh Tech Investment Soars, Spurred by AV Firms

Thu, 03/21/2024 - 12:28
Pittsburgh tech companies raised just over $3 billion in funding last year, led by landmark investments in autonomous vehicle startups like Aurora and Stack AV.

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