03 Mar Deputy DOT Pick Trottenberg Would Prioritize N.Y.-N.J. Rail Tunnel President Joe Biden’s pick to be second in command at the U.S. Department of Transportation pledged March 3 to help the administration prioritize the proposed Gateway rail tunnel between New York and New Jersey if she is confirmed by the Senate. Read more...
03 Mar Walmart to Spend on US Products, Create 750,000 Jobs Walmart Inc. pledged to support American manufacturers by spending an additional $350 billion on items made, grown or assembled in the U.S. over the next 10 years. Read more...
03 Mar Granholm Says Oil Industry Must Embrace Green Transition Jennifer Granholm used her first speech as U.S. energy secretary to warn oil and gas companies they risk being left behind unless they embrace a transition to cleaner sources of energy, while offering them an opportunity to partner with the new administration. Read more...
03 Mar VW’s Electric Car Stacks Up Well Against Tesla, Analyst Says A teardown of Volkswagen AG’s first dedicated electric vehicle found it measures up favorably with Tesla Inc. models in several key aspects, sending the German carmaker’s shares to levels last seen before its diesel emissions scandal. Read more...
03 Mar Frothy Cargo Market Spurs Vessel Owners to Flip Ships Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off. Read more...
03 Mar Jigar Shah to Run Energy Loan Office The U.S. Energy Department has appointed Jigar Shah, a clean-power pioneer who helped bring solar into the mainstream, to run the loan-program unit that backed Tesla Inc. and failed solar manufacturer Solyndra. Read more...
03 Mar GM-Backed Cruise in Talks to Buy Startup Voyage Cruise, the self-driving vehicle company majority owned by General Motors Co., is in talks to acquire Voyage, an autonomous technology startup that operates in retirement communities, according to people familiar with the matter. Read more...
03 Mar Class 8 Orders Surge 212% to 43,800 North American Class 8 orders hit 43,800 in February, up 212% compared with a year earlier, ACT Research reported, citing truck makers’ preliminary data. Read more...
03 Mar Lightweighting of Trucks Could Become More Prevalent, NACFE Finds Some truck buyers require lightweighting while most others move toward it slowly, if at all, but the coming of electric trucks may demand more of it, according to an updated confidence report from the North American Council for Freight Efficiency. Read more...
03 Mar ASCE Report Card: Infrastructure Improves to C- The nation’s infrastructure received a C- grade on the American Society of Civil Engineers’ latest report card, marking an improvement from D+. Read more...