10 May Tyson Earnings Top Estimates on Beef Demand Tyson Foods Inc., the biggest U.S. meat company, reported better-than-expected fiscal second-quarter earnings and raised its sales forecast as beef markets strengthen and the company increases prices to pass through higher costs. Read more...
10 May Driverless Truck Startup Plus to List in $3.3 Billion SPAC Deal Self-driving truck technology developer Plus announced it entered into a definitive business combination agreement with Hennessy Capital Investment Corp. V, a publicly traded special purpose acquisition company. Read more...
10 May Cyberattack on US Pipeline Linked to Criminal Gang NEW YORK — The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a cut to charity, two people close to the investigation said May 9. Read more...
09 May FMCSA Issues Emergency Declaration to June 8 Due to Pipeline Cyberattack The Federal Motor Carrier Safety Administration is providing emergency relief from hours-of-service regulations to motor carriers and drivers assisting operations linked to refined petroleum supply chains in the East Coast in the wake of a cyberattack against Colonial Pipeline. Read more...
09 May Colonial Pipeline’s Silence Has Energy Traders Nervous Traders and shippers are increasingly nervous about the possibility of a shortage of fuel in the eastern U.S. two days after the shutdown of a major pipeline following a cyberattack. Read more...
09 May Experts Say Cyberattack on Pipeline Is a Wake-Up Call NEW YORK — The shutdown of a vital U.S. pipeline because of a ransomware attack stretched into a third day May 9, with the Biden administration saying an “all-hands-on-deck” effort is underway to restore operations and avoid disruptions in gasoline supply. Read more...
09 May Ransomware Attack Shuts Down Biggest US Gas Pipeline Colonial Pipeline is working to restore operations after a cyberattack prompted the company to take its systems offline, threatening the supply of refined petroleum products to gas stations in major cities on the U.S. eastern seaboard. Read more...
07 May Minnesota ‘Clean Cars’ Rules Get OK to Move Forward The administration of Minnesota Gov. Tim Walz and state regulators can adopt new vehicle emission standards without the OK from lawmakers, an administrative law judge ruled May 7. Read more...
07 May Americold Reports Q1 Loss, Citing Costs Related to Acquisitions Americold reported a net loss of $14.2 million, or negative 6 cents a share, for the period ending March 31. The company said much of the loss can be attributed to increased acquisition and integration costs. Read more...
07 May Lion to Locate Largest EV Plant in Illinois The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, announced it selected Joliet, Ill., for the construction of its U.S. manufacturing facility, with building to ramp up in the second half of this year. Read more...