19 Apr Don Burnette Becomes Last Otto Co-Founder to Leave Uber Technologies With the recent departure of Don Burnette, all four co-founders of driverless-trucking company Otto have left Uber Technologies Inc., about 18 months after Uber’s purchase of the startup. Read more...
19 Apr Experts Recommend Composite Materials to Fulfill Infrastructure Needs Using composite materials in construction could help offset the country’s multi-trillion dollar infrastructure deficit, according to various engineering experts who testified April 18 before a House subcommittee on research and technology. Read more...
18 Apr Canadian Pacific First-Quarter Revenue Rises as Strike Threat Rises Canadian Pacific Railway reported first-quarter revenue of C$1.66 billion and diluted earnings of C$2.41 per share April 18 as potential labor troubles loomed. Read more...
18 Apr FHWA Offers $60 Million in Transportation Technology Grants The Federal Highway Administration has made $60 million in grant money available for states and cities that are leading transportation-related technology projects. Read more...
18 Apr DHL Express Expands New York City Operations DHL Express U.S. has invested more than $13 million in two facilities in New York City to support international trade growth and the rise of international e-commerce, the company announced. Read more...
18 Apr Corn Belt Senators Ask EPA to Stop Issuing Waivers Exempting Refineries From Biofuel Laws Thirteen Corn Belt senators, led by Minnesota Democrat Amy Klobuchar and Iowa Republican Chuck Grassley, have petitioned the U.S. Environmental Protection Agency to stop issuing waivers that exempt certain oil refineries from federal biofuel laws. Read more...
18 Apr Worldwide Flight Services Lays Off 161 at Philadelphia International Airport Cargo-handler Worldwide Flight Services will lay off 161 employees at the American Airlines freight facility at Philadelphia International Airport in June because the airline has not renewed its contract. Read more...
18 Apr Ivanhoe Cambridge Targets Canadian Warehouse Space in Amazon Era Ivanhoe Cambridge Inc., the real estate arm of one of Canada’s biggest pension funds, plans to increase its assets by a third with a bet on the booming warehouse space. Read more...
18 Apr Fed Says Tariff Concerns Cloud Otherwise Solid Growth Outlook New tariffs and concerns over widening trade disputes cast a shadow over the Federal Reserve’s most recent survey of U.S. businesses even as all 12 regions reported continued robust job growth with few signs of overheating. Read more...
18 Apr Canada Oil Recovery Faces Threat From Potential Rail Strike A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta’s beaten-down heavy oil prices. Read more...