24 Sep Nikola Gets First Sell Rating Nikola Corp. got its first sell-equivalent rating, with the electric-vehicle startup downgraded to underperform from neutral at Wedbush, citing the loss of a driving force in founder Trevor Milton’s departure, and the threat posed to hydrogen fuel’s appeal by Tesla Inc.’s “eye-popping battery innovations.” Read more...
24 Sep US Jobless Claims Remain Elevated in Choppy Recovery Applications for U.S. unemployment benefits were little changed last week, contrasting with estimates for a decline and highlighting an economic recovery that’s coming in fits and starts. Read more...
24 Sep Daimler Will Retool Century-Old Engine Plants in Electric Shift Daimler AG has entered discussions with its powerful German labor unions to convert key engine and transmission factories for the electric-car era. Read more...
23 Sep House Republicans Unveil NEPA Reform Bill Legislation aimed at updating the environmental review process related to infrastructure projects recently was introduced by House Republicans. Read more...
23 Sep Study Outlines Current, Future 3PL Trends Third-party logistics companies are facing a changing environment and an evolving relationship with shippers, according to a new study. Read more...
23 Sep Self-Driving Car Bill Reintroduced in House Minus Biggest Backer Legislation that would allow carmakers to sell as many as 100,000 self-driving vehicles per year in the U.S. is being reintroduced in the U.S. House of Representatives, but one of its biggest cheerleaders is staying on the sidelines until next year. Read more...
23 Sep ASCE Report: Underfunded Infrastructure Will Seriously Impact Economy Failure to properly invest in the nation’s deteriorating surface transportation infrastructure will inflict significant negative consequences on the economy, according to preliminary findings from the American Society of Civil Engineers. Read more...
23 Sep California Aims to End Sales of New Gas-Powered Cars, Trucks by 2035 California will aim to halt sales of new gasoline-powered passenger cars and trucks by 2035, Gov. Gavin Newsom announced Sept. 23, a move he says would cut greenhouse gas emissions by 35% in the nation’s most populous state. Read more...
23 Sep VW Aims to Turn Legions of SUV Buyers Into Electric Converts Volkswagen AG is setting a high bar for the first electric vehicle it will build around the globe. Read more...
23 Sep Oil Pares Gains as Stocks Slip on Fed Warnings on Economy Oil pared its advance Sept. 23 as stocks fell on the latest warnings from Federal Reserve officials about the economic outlook due to the coronavirus. Read more...