10 May TT’s Road to NTDC, MCE Coverage Wins National AZBEE Honors Transport Topics’ coverage of “The Road to NTDC 2018” and the 2018 Management Conference & Exhibition are among the entries that have earned national accolades from the American Society of Business Publication Editors. Read more...
10 May Uber’s Conservative IPO Valuation Faces Public Market Test Uber Technologies Inc. took a conservative approach to its initial public offering May 9, picking a share price toward the bottom of the marketed range and at a valuation below its last private funding round. Read more...
10 May Meritor in Agreement to Acquire AxleTech Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million to accelerate global sales and growth. Read more...
10 May Automakers Take Page From SUV Playbook to Ramp Up Sedans All-wheel-drive sedans used to be a niche market limited to park rangers and uptight snow-belt drivers. These days, they’re becoming a more popular choice for decidedly mainstream models. Read more...
10 May Consumer Prices Trail Estimates, Testing Fed Chairman Jerome Powell’s View A key measure of U.S. consumer prices rose by less than expected in April on lower used car and apparel costs, testing the Federal Reserve’s message that muted inflation will prove transitory. Read more...
10 May Canadian National Acquires Intermodal Division of H&R Transport Canadian National Railway Co. acquired the intermodal division of Calgary, Alberta-based motor carrier H&R Transport Ltd. Read more...
10 May China Armed With Powerful Market Weapons in Duel With Trump China has a powerful financial-market arsenal for its trade tussle with America, including a hoard of Treasuries and its currency. But using those weapons is not without cost. Read more...
10 May Oil Shrugs Off US Tariff Hike to Climb on Tighter Supply Oil pushed higher despite the U.S. imposition of higher tariffs on Chinese goods, as rising tensions in Iran and elsewhere kept the supply outlook tight. Read more...
10 May Trump Says US Will Purchase Crops for Aid to Offset China Losses President Donald Trump said that the U.S. will boost its purchases of domestic farm products for humanitarian aid in an effort to offset lost demand from China as trade tensions flare between the nations. Read more...
10 May EPA Announces $2.6 Billion in Availability for Water Improvement Projects To help improve the quality of drinking water and wastewater infrastructure nationwide, the U.S. Environmental Protection Agency announced the availability of nearly $2.6 billion to states, tribes and territories. Read more...