Tesla Inc. secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3 sedans at its first overseas plant.
March 8, 2019Search
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Descartes Posts 16% Profit Gain for Final Quarter, Full Year
The Descartes Systems Group Inc. reported profits grew 16% in 2018, according to a company earnings release.
March 8, 2019Amazon Purges Suppliers in Push to Boost E-Commerce Profits
Amazon.com abruptly stopped buying products over the past two weeks from many of its wholesale vendors, encouraging them to instead sell their products directly to consumers on Amazon’s marketplace.
March 7, 2019Washington State Transport Package Sets Aside $450 Million for New I-5 Bridge
The Washington state Senate Transportation Committee passed a $15 billion transportation package March 6 that includes $450 million for a new Interstate 5 bridge across the Columbia River.
March 7, 2019Port of Baltimore Tops 10 Million Tons of Cargo for Third Straight Year
The port of Baltimore had another historic year in 2018. The Maryland Port Administration’s public terminals handled 10.9 million tons of general cargo — more containers, cars, construction equipment and other cargo than ever before — surpassing 10 million tons for the third straight year, officials announced March 6.
March 7, 2019How a US-China Deal Might Reshape Global Trade
President Donald Trump says he has asked China to immediately remove all tariffs on U.S. agricultural products in what could be a huge blessing for American farmers. But how will global trade flows change in the event of a deal?
March 7, 2019Companies Added 183,000 Workers in February
Companies added fewer workers to U.S. payrolls in February after a burst of hiring in the prior month that was stronger than previously reported, signaling that the labor market continues to underpin what may become the longest economic expansion on record this year.
March 6, 2019Tesla Probably Can’t Make Money in China, Morgan Stanley Says
Investors should keep their expectations about Tesla Inc.’s ability to operate profitably in China “very low,†Morgan Stanley analyst Adam Jonas wrote in a note, adding that he’s cautious about the country’s role in the carmaker’s long-term strategy and fundamental value.
March 6, 2019GM’s Cruze-Producing Ohio Plant Goes Idle
A sprawling General Motors assembly plant near Youngstown, Ohio, will be idled March 6 after more than 50 years producing cars and other vehicles, a move that will eliminate nearly 1,700 hourly positions by month’s end.
March 6, 2019TMC Annual Meeting Goes ‘Beyond the Frontier of Maintenance’
The evolution of trucks and truck maintenance is apparent in key highlights on the agenda for the upcoming annual meeting of the Technology & Maintenance Council of American Trucking Associations.
March 14, 2019