12 Feb Navistar Adds Property to Support Texas Truck Plant Navistar International Corp. announced it acquired a property in San Antonio to house support functions for its under-construction plant in the area. Read more...
12 Feb Amazon Sues N.Y. Attorney General, Claiming Excessive COVID Demands Amazon .com Inc. is suing the New York State attorney general, arguing that she’s exceeding her authority in seeking to penalize the company for alleged failures in its pandemic safety protocols and treatment of workers at New York City warehouses. Read more...
12 Feb New York Gov. Cuomo Announces $87 Million in Rail, Port Funding New York Gov. Andrew Cuomo announced the availability of $87 million for port and rail improvements in an effort to enhance the state’s trade corridors, Read more...
12 Feb Biden Team Cool to Preflight Virus Tests Floated by Buttigieg President Joe Biden’s administration isn’t seriously considering an imminent coronavirus testing requirement for domestic U.S. flights, people familiar with the matter said. Read more...
12 Feb Forward Air Revenue Increased While Income Declined for Q4 Forward Air Corp. reported record fourth-quarter revenue but a decline in net income. Read more...
12 Feb Consumer Sentiment Unexpectedly Falls to Six-Month Low Consumer sentiment unexpectedly declined to a six-month low in early February as the outlook for personal income deteriorated and more Americans anticipated faster inflation in the year ahead. Read more...
12 Feb Illinois Launches Program to Promote Supply Chain Management Training Illinois officials and the Association for Supply Chain Management have partnered to launch a job-training program. Read more...
12 Feb US Oil Majors Downgraded by S&P on Climate Risk, Earnings Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings. Read more...
12 Feb Goldman Sachs Creates Joint Venture for Auto Technology Deals Goldman Sachs Group Inc. is creating a joint venture in its investment bank focused on catering to auto technology clients such as Tesla Inc. and the new class of companies trying to take on the top electric vehicle maker. Read more...
11 Feb Transportation Expert Highlights I-64 Pavement Recycling Project Pavement recycling presents opportunities for cost reduction and environmental sustainability, according to the principal research scientist at the Virginia Transportation Research Council. Read more...