Manna has raised $25 million to expand its drone fleet’s operations, including the addition of delivery services for prescription medical supplies and an initial expansion into the U.S.
April 30, 2021BusinessTechnologyFuelAutonomous
EV-Charging Industry Is Doing Everything Except Showing a Profit
President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.
April 30, 2021BusinessTechnology
TRB’s Registration Database Hacked in Ransomware Attack
The Transportation Research Board’s annual meeting registration services database was compromised in March by cybercriminals in a ransomware attack, the organization announced April 28.
April 30, 2021BusinessEquipment
VTNA, UAW Reach Tentative Agreement; Virginia Strike Ends
Volvo Trucks North America announced the company and the United Auto Workers union reached a tentative agreement April 30 on the terms of a new five-year contract that would cover approximately 2,900 employees at the New River Valley truck assembly operations in Dublin, Va.
April 30, 2021GovernmentBusinessTechnologyFuel
Carper Urges Tough US Rules Barring Gas-Powered Cars by 2035
WASHINGTON — A top Senate Democrat is urging U.S. anti-pollution standards that would follow a deal brokered by California with five automakers and then set targets to end sales of new gasoline-powered vehicles by 2035, a goal that reaches further than President Joe Biden’s climate plan.
April 30, 2021BusinessTechnologyAutonomous
Self-Driving Truck Startup Plus Reported to Plan Hennessy SPAC Deal
Self-driving truck startup Plus is in talks to merge with special purpose acquisition company Hennessy Capital Investment Corp. V, according to people familiar with the matter, making it the latest autonomous vehicle maker seeking to go public via a blank-check firm.
April 30, 2021BusinessFuel
Exxon Posts $2.7 Billion Quarterly Profit After Unprecedented Year
NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.
April 30, 2021BusinessTechnology
Amazon Q1 Sales Beat Estimates
Amazon .com Inc. reported a big increase in sales and gave a bullish forecast, continuing a streak of rapid growth even as vaccine rollouts raised the prospect of a return to prepandemic shopping habits in the U.S.
April 29, 2021BusinessEquipment
Dana Posts Q1 Gains as End Markets Recover
Dana Inc. reported higher first-quarter net income and revenue and noted its once-shutdown end markets have recovered.
April 29, 2021BusinessTechnologyEquipment
Allison Reports Lower Net Income, Revenue in Q1
Allison Transmission Holdings Inc. reported lower net income and revenue for the first quarter amid progress in addressing the COVID-19 pandemic.
April 29, 2021