27 Apr Amazon to Pass Walmart in Retail Sales in 2025, Report Says Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings. Read more...
27 Apr OPEC+ Sticks With Plans to Gently Hike Supply OPEC and its allies recommended proceeding with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India. Read more...
27 Apr Volume Continues to Surge at UPS to Start the Year The continued surge of e-commerce deliveries from small and medium-sized businesses, along with the increase in deliveries of the various COVID-19 vaccines and other personal protective equipment, bolstered UPS Inc.’s first-quarter financial results. Read more...
26 Apr Tesla Sticks to Plan to Deliver Semi This Year Tesla Inc. reported a higher-than-expected seventh consecutive quarter of profit on strong demand for its top-selling Model 3 sedan and announced it will begin deliveries of its Tesla Semi in 2021. Read more...
26 Apr Lyft to Sell Autonomous-Driving Unit to Toyota for $550 Million Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber Technologies Inc. in stepping back from the costly driverless vehicle research once thought to be on the verge of revolutionizing ride-hailing. Read more...
26 Apr Biden Moves to Restore California’s Power to Fight Vehicle Pollution The Biden administration on April 26 took a key step toward restoring California’s power to limit greenhouse gas emissions from vehicles and overturn a Trump-era policy that pitted the federal government against a state seeking to eventually ban conventional gas-powered cars. Read more...
26 Apr Average Price of Diesel Stays at $3.124 a Gallon The national average price of diesel remained unchanged this week at $3.124 a gallon, according to data released by the Energy Information Administration. Read more...
26 Apr U.S. Xpress Reports Revenue of $450M for Q1 U.S. Xpress Enterprises saw revenue and earnings growth during the first quarter of 2021, the company reported April 22. Read more...
26 Apr Trudeau Signals Move to End Dockworkers Strike at Montreal Port Canada is planning legislation to end a general strike at the Port of Montreal that’s bound to worsen congestion at other sites and add to global shipping delays. Read more...
26 Apr Massachusetts Gov. Charlie Baker’s Executive Order Aims to Electrify Transportation, Buildings Massachusetts Gov. Charlie Baker signed an executive order to reduce greenhouse gas emissions within state facilities, including those for transportation. Read more...