A giant containership remains stuck in the Suez Canal, blocking one of the world’s busiest maritime trade routes that’s vital for the movement of everything from oil to consumer goods.
Category: News
BorgWarner Shares Drop After Skepticism on New EV Vision
BorgWarner Inc.’s attempt to garner more respect from investors for its effort to shift to electrification fell flat, triggering an 8% slide in the auto-parts maker’s shares on the day it presented its strategic vision.
Self-Driving Truck Developer TuSimple Files for IPO
Self-driving truck developer TuSimple is moving forward with plans to become a publicly traded company.
Maersk Can’t Find Enough Women to Pursue Top Jobs
The chairman of A.P. Moller-Maersk A/S, Jim Hagemann Snabe, said it is proving difficult to get enough women to apply for top management jobs at the world’s biggest container-shipping company.
House Transportation Leader Reiterates Opposition to 5.9 GHz Sharing
The top transportation policymaker in the U.S. House of Representatives reaffirmed his opposition to the shift in the transportation safety spectrum space for broadband uses.
Mail Will Be Slower, More Costly Under DeJoy USPS Plan
The U.S. Postal Service announced plans to add a day or more to its standards for First Class mail delivery, hike rates and reduce post office hours as it struggles with financial deficits.
Trucking Continues to Offer States Revenue Stability
One year since the COVID-19 pandemic caused vehicle travel and associated fuel tax revenue to plummet, recovery has been on a slow but positive trajectory.
Amazon to Sell Deliveroo Stake of Up to $148 Million in IPO
Amazon .com Inc. could raise as much as $148 million (107 million pounds) by selling some of its stake in Deliveroo Holdings in the food-delivery startup’s London initial public offering.
Amazon to Sell Deliveroo Stake of Up to $148 Million in IPO
Amazon .com Inc. could raise as much as $148 million (107 million pounds) by selling some of its stake in Deliveroo Holdings in the food-delivery startup’s London initial public offering.
FHWA Grants Will Support User-Based Funding Projects
The Federal Highway Administration recently awarded $18.7 million to eight projects that will test user-based funding methods.