Both of the major-party presidential candidates have said they support electric vehicles, but a Joe Biden win could bring changes to significantly speed up the adoption of cars and trucks built by the likes of Tesla Inc. and Nikola Corp.
November 2, 2020BusinessTechnologyFuel
Top Electric-Car Battery Maker Wins Approval for Company Split
South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.
October 30, 2020BusinessLogisticsTop 50Top 100
Universal Logistics Reports Higher Net Income of $13.6M for Q3
Universal Logistics Holdings Inc. reported higher third-quarter net income, lifted largely by the recovery in automotive production.
October 30, 2020GovernmentBusinessFuel
Oil Poised for Worst Month Since March With Growing Curbs
Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.
October 30, 2020GovernmentBusinessTechnology
New House Bill Promotes Transportation Technologies
Legislation that aims to promote the adoption of new technologies throughout the country’s transportation networks was recently introduced in the U.S. House of Representatives.
October 30, 2020BusinessLogisticsTop 100
Daseke Reports Net Income of $15.7M for Q3
Daseke Inc. reported that its third-quarter bottom line result rebounded to a profit from a loss a year ago.
October 30, 2020BusinessTechnologySafetyAutonomous
Waymo Looks to Calm Doubts About Driverless Cars With Data Release
The voluntary disclosure comes less than a month after Waymo announced that it would begin offering fully driverless service to customers in Arizona and days before an election that could usher in a much tougher regulatory regime.
October 30, 2020GovernmentBusiness
New York Officials Break Ground on Staten Island Expressway Project
New York Gov. Andrew Cuomo recently announced that construction has begun on a project to create a continuous auxiliary lane on a portion of the Staten Island Expressway.
October 30, 2020BusinessTechnologyTop 100
USA Truck Posts Strong Net Income During Q3
USA Truck Inc. reported that its third-quarter bottom-line result swung to a profit from a loss in the year-ago period.
October 30, 2020BusinessFuel
Exxon Warns of $30 Billion Shale Writedown Amid Record Loss
Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.
October 30, 2020