Canadian National Railway Co.’s $30 billion takeover bid for Kansas City Southern received a boost Aug. 6 when a prominent shareholder advisory firm recommended that shareholders support the deal.
August 9, 2021BusinessTechnologyEquipment
Kenworth T680 Next Generation Earns EPA SmartWay Designation
One of Kenworth Truck Co.’s new models received a government designation certifying its energy efficiency and reduced emissions, the original equipment manufacturer announced Aug. 5.
August 9, 2021BusinessTechnologySafety
Amazon Lottery Offers Vaccinated Workers Cars, $500,000 Cash
Amazon.com Inc. will offer cash prizes of as much as $500,000 as well as cars and vacation packages to frontline employees who can prove they have been vaccinated against COVID-19.
August 9, 2021GovernmentBusinessTechnologyEquipment
Nikola’s Indicted Ex-Chairman Milton Sells $77 Million of Stock
Nikola Corp. founder and former chairman Trevor Milton raised about $77 million selling shares in the electric truck manufacturer, days after pleading not guilty to charges he misled investors to hype the stock.
August 9, 2021GovernmentBusinessSafety
Infrastructure Bill Moves Closer to Senate Passage After Delays
The U.S. Senate moved closer to passing a $550 billion infrastructure package after a drawn-out debate that pushed action into this week and left the status of several proposed changes unsettled.
August 9, 2021BusinessEquipmentLogistics
Americold Swings to Q2 Loss
Refrigerated warehouse operator Americold Realty Trust saw revenue rise in the second quarter but swung to a loss for the period because of disruptions in the global food supply chain.
August 6, 2021BusinessSafetyLogistics
Amazon Tells Warehouse Workers to Mask Up Again
Amazon .com Inc. is ordering frontline U.S. employees to resume wearing masks at work regardless of vaccination status, joining the ranks of companies ramping up precautions in response to the spread of the COVID-19 delta variant.
August 6, 2021GovernmentBusinessTechnologyFuel
Trevor Milton Hires Lawyers Who Defended Elon Musk
Trevor Milton has more in common with Elon Musk than starting a prominent electric vehicle company named after inventor Nikola Tesla. He’s now hired the same lawyers to defend him.
August 6, 2021GovernmentBusinessTechnologyEquipmentSafetyFuel
EPA to Update NOx, Greenhouse Gas Emissions Standards
The Environmental Protection Agency on Aug. 5 announced plans to reduce greenhouse gas emissions and other harmful air pollutants from heavy-duty trucks in a series of major rulemakings over the next three years.
August 6, 2021BusinessLogisticsTCA
Prologis Buys Lot Near Philadelphia Airport for $45 Million
PHILADELPHIA — A popular parking lot near Philadelphia International Airport has been snapped up for $45 million by Prologis, a real estate giant that specializes in leasing space to retail, e-commerce and logistics businesses, according to the firm that brokered the deal.
August 6, 2021