Refrigerated warehouse operator Americold Realty Trust narrowed its loss in the fourth quarter and posted a large gain in revenue. It also made interim CEO George Chappelleās position permanent.
February 25, 2022Trucking 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.
Roberts Energy Acquires Abenaqui Carriers
Direct fuel supplier Roberts Energy and its transport division Brown Bear Transportation announced Feb. 21 the acquisition of Abenaqui Carriers.
February 25, 2022Exxon to Build $400 Million Wyoming Carbon-Capture Project
Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.
February 25, 2022Northvolt Plans a Third Battery Materials Factory in Sweden
Northvolt AB plans to convert a closed paper mill in Sweden into a new battery materials factory, adding a third production facility in the Nordic country to supply demand fueled by the growing electrification of transport.
February 25, 2022Key Inflation Gauge Hit 6.1% in January
WASHINGTON ā An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russiaās invasion of Ukraine.
February 25, 2022Oil Pulls Back From $100 Amid Report That Putin Is Open to Talks
Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russiaās invasion of Ukraine forced traders to grapple with a fluid market environment.
February 25, 2022Rocky Mountain States to Team Up on Hydrogen Tech Proposal
CHEYENNE, Wyo. ā Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the statesā governors announced Feb. 24.
February 25, 2022Biden Hits Russia With Sanctions, Says Putin āChoseā War
President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin āchose this warā and his country will bear the consequences.
February 24, 2022Hyliion Posts First-Ever Revenue in Q4
Hyliion Holdings Corp. reported a fourth-quarter net loss and modest first-time revenue as its work on providing electrified powertrains for Class 8 trucks continued.
February 24, 2022Biden Promotes Social Infrastructure
At his State of the Union on March 1, President Joe Biden is expected to promote aspects of a nearly $2 trillion social infrastructure budget that dominated Democratsā agenda last year.
February 24, 2022Trending
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