China’s WeRide Inc. is seeking as much as $400 million in a U.S. initial public offering and concurrent private placement, people familiar with the matter said.
Category: News
Amazon Tests Speedy Delivery Service Featuring Kia Souls
Amazon.com Inc. has deployed a new secret weapon in its same-day delivery operation: a convoy of Kia Souls.
Pipeline Firms in Talks With Data Centers About Gas Supply
Energy Transfer and Williams Cos. are talking to data center operators about building pipelines directly to their facilities to fuel on-site power plants as the centers prepare for a boom in AI.
Class 8 Truck Orders Stumble Again in July
ACT preliminary data showed orders fell 13% to 13,400 units. They also experienced a drop of 8% from the previous month.
Fleets Balance Risk and Reward in Truck Lease Agreements
Industry leaders advise that if structured fairly, truck lease-purchase agreements can be vital to the trucking industry.
ATA Celebrates Win as Trucker Tax Proposal Rejected
A committee of the Multistate Tax Commission failed to muster a vote in support of the tax-basis change after ATA made it clear that its 50-state federation would strongly oppose the idea.
Forward Air Posts Q2 Loss, But Revenue Soars on Acquisition
Despite the reported net loss, investors appeared to be responding positively. It was primarily due to a one-time goodwill impairment charge related to the Omni acquisition.
Occidental Raises Production on CrownRock Acquisition
Occidental Petroleum Corp. raised its production and capital spending plans for this year after closing its $10.8 billion acquisition of CrownRock LP earlier this month.
ChargePoint Deploys New Plugs To Fit Teslas and Non-Teslas
ChargePoint Holdings is deploying a new plug that the company says most any battery-powered car can use, as automakers rapidly adopt the connector standards developed by Tesla.
NTDC Spotlight: Raymond Simon
Based on his resume, it’s logical to conclude that Raymond Simon is the modern era’s greatest of all time, or GOAT.