03 Mar Trash Hauler GFL Slides on Trading Debut Amid Market Turmoil GFL Environmental Inc. fell in its trading debut after raising $1.425 billion in the largest Canadian initial public offering in almost six years. Read more...
03 Mar Oil Clinches Gain After OPEC+ Committee Recommends Supply Cut Oil advanced for a second day after an OPEC+ committee recommended a larger supply cut to offset lost demand from the spread of the coronavirus. Read more...
03 Mar Exxon Outlines Steps to Reduce Harmful Methane Emissions NEW YORK — ExxonMobil on March 3 outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas. Read more...
03 Mar Ford Bans All Business Trips After Two Employees Contract Coronavirus Ford Motor Co. has banned all air travel for business after two of its employees in China contracted the coronavirus. Read more...
03 Mar Meritor, Wabash Stay Focused on Now and When ATLANTA — Key executives from global commercial vehicle supplier Meritor Inc. and trailer manufacturer Wabash National Corp. said evolution and revolution are happening simultaneously in the trucking industry — and it is their job to keep track of both at once. Read more...
03 Mar Sysco Approaches Germany Firm Metro About Takeover Sysco Corp. has approached German wholesaler Metro AG about a takeover, as the U.S. food distribution giant explores ways to expand in Europe, people with knowledge of the matter said. Read more...
03 Mar Alphabet’s Waymo Raises $2.25 Billion for Driverless Cars Waymo raised $2.25 billion from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc.’s autonomous vehicle unit has taken outside funds. Read more...
03 Mar FMCSA Advances Final Rule on HOS to the White House The Federal Motor Carrier Safety Administration has sent a final rule on changes to hours-of-service regulations to the White House. Read more...
03 Mar VersaCold Weighs $500 Million Sale Amid Storage Buzz VersaCold, one of Canada’s largest providers of cold storage, is exploring a potential sale that could fetch $500 million or more, according to people with knowledge of the matter. Read more...
03 Mar Fed Cuts Rates Half Point in Emergency Move Amid Spreading Virus The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut March 3 in a bid to protect the longest-ever economic expansion from the spreading coronavirus. Read more...