30 Apr US Pending Home Sales Increase Less Than Forecast in March A gauge of signed contracts to purchase previously owned U.S. homes rose less than forecast in March, and the prior month’s reading was revised down, indicating a lack of inventory is restraining the market, according to data released April 30 from the National Association of Realtors in Washington. Read more...
30 Apr Fleets Implementing Tracking Technology to Fairly Reward Fuel-Efficient Drivers Advances in tracking technology are enabling fleets to better assess driver performance and fairly reward them for fuel-efficient driving. Read more...
30 Apr March Consumer Spending Picks Up; Inflation Hits Fed Goal U.S. consumer spending picked up in March while the Federal Reserve’s preferred inflation gauge hit the central bank’s 2% target for the first time in a year, reinforcing the outlook for further interest-rate hikes. Read more...
30 Apr Anthony Levendowski to Defend Himself Against Google’s Breach-of-Contract Claims Uber Technologies Inc.’s settlement of Waymo’s trade-secrets lawsuit in February left a key piece unresolved: the role played by Anthony Levandowski, the engineer at the center of the alleged theft of critical self-driving technology. Read more...
30 Apr Teradyne Expands in Warehouse Robotics Danish autonomous robot manufacturer Mobile Industrial Robots was acquired by Teradyne Inc. for $148 million in cash, with an additional $124 million paid if several performance milestones are met through 2020. Read more...
30 Apr Mumbai Cargo Company Allcargo Logistics Wants to Build an Uber for Shipping Allcargo Logistics Ltd. is emulating Uber Technologies Inc. to boost its business of sharing marine containers. Read more...
30 Apr Trucker Wanders Oregon Woods for Four Days Because of GPS Fail LA GRANDE, Ore. — A trucker who was missing for four days in a snow-covered part of Oregon after his GPS mapping device sent him up the wrong road walked 36 miles and emerged safely from a remote and rugged region of the state. Read more...
30 Apr Marathon to Buy Andeavor in $23.3 Billion Oil-Refining Deal Marathon Petroleum Corp. agreed to buy rival oil refiner Andeavor for $23.3 billion in a deal that would create the largest independent fuel maker in the United States. Read more...
30 Apr Pentagon Might Obtain Self-Driving Vehicles First Forget Uber, Waymo and Tesla: The next big name in self-driving vehicles could be the Pentagon. Read more...
30 Apr Speedee Acquires Vancouver Carrier Russell Freightways Speedee Rolls Right, an operating unit of Vancouver, British Columbia-based Speedee Transport that provides trucking and warehousing services in western Canada, has purchased Russell Freightways from owner Bruce Russell. Read more...