Electric-vehicle startup Nikola Corp. is urging stragglers to exercise their right to buy shares, the deadline for which has been extended until 5 p.m. Aug. 25.
August 24, 2020Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Diesel Priceās Virtual Holding Pattern Continues
For the second week in a row, the price of diesel remained essentially flat compared with the prior week, dipping just one-tenth of a cent to $2.426 a gallon, the Energy Information Administration reported Aug. 24.
August 24, 2020DeJoy Says Trump Attacks on Mail-in Ballots āNot Helpfulā
WASHINGTON ā Postmaster General Louis DeJoy told lawmakers Aug. 24 that he has warned allies of President Donald Trump that the presidentās repeated attacks on mail-in ballots are ānot helpful,ā but denied that recent changes at the Postal Service are linked to the November elections.
August 24, 2020Hendrickson Acquires Two Stemco Business Segments
Hendrickson announced it acquired the Motor Wheel brake drum and Crewson slack adjuster business segments from Stemco, which in June reported it is refocusing resources on its core wheel-end and king pin product lines.
August 24, 2020Kansas DOT Unveils Transportation Technology Program
The Kansas Department of Transportation recently introduced a new program to support projects that use technology to improve mobility and safety.
August 24, 2020Trumpās Arctic Oil Drilling Plan Will Be Tested in Court
Environmentalists and Alaska natives are challenging the Trump administrationās decision to sell drilling rights in the Arctic National Wildlife Refuge, arguing the government gave short shrift to the impact on polar bears and the regionās other wildlife.
August 24, 2020Ford CEOās Vow for Flawless Launches Tested by High-Stakes F-150
Ford Motor Co. is gearing up for an intricate, two-phase overhaul of factories for its most profitable vehicle, putting to the test a pledge by incoming CEO Jim Farley for flawless execution.
August 24, 2020Seven-Day Virus Disinfectant Cleared for American Air Jets
The Trump administration on Aug. 24 gave American Airlines Group Inc. emergency approval to deploy a new weapon against COVID-19: a surface coating that kills coronaviruses for as many as seven days.
August 24, 2020US Gulf Coast Faces Threat From Pair of Tropical Storms
Back-to-back tropical storms pose a combined threat to the U.S. Gulf Coast this week, where more than half of offshore oil production is already shut and residents from Texas to Florida are warily watching the skies.
August 24, 2020Peterbilt Opens Order Board for Model 220EV
Peterbilt Motors Co. announced its Model 220EV ā its first battery-electric medium-duty truck ā is available for ordering, with deliveries expected to start by the end of 2020.
August 24, 2020