18 Mar FedEx, Stakeholders: Investments, Partnerships Key to Tackling Climate Change Investing in infrastructure and adopting policies that enhance the movement of freight would help address the country’s climate change concerns, the head of FedEx Corp. told federal transportation policymakers March 17. Read more...
18 Mar Nikola Partner Hanwha to Sell 50% of Stake in EV Startup Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its intention to liquidate half of its holdings in the troubled electric truck startup. Read more...
18 Mar XPO Sets GXO Logistics as Name of New Spinoff Company XPO Logistics has selected GXO Logistics as the name of the stand-alone logistics company that it will spin off from its larger operation later this year. Read more...
17 Mar Federal Judge Sets July 2023 Court Date for Ongoing Glider Truck Dispute The already 2-year-old civil court fight between Tennessee-based glider manufacturer Fitzgerald and the IRS is now set to drag on for at least another two years. Read more...
17 Mar Lordstown Motors Sets Debut Report Without EV Pickups to Show Off Lordstown Motors Corp.’s first-ever quarterly report is likely to be overshadowed by broader concerns about customer demand and progress on getting production going at the electric-vehicle startup. Read more...
17 Mar House GOP OKs Spending Earmarks, Boosting Infrastructure Plan House Republicans voted to allow their members to request dedicated-spending projects, known as earmarks, following that same move by Democrats, in a positive sign for President Joe Biden’s hopes for a bipartisan infrastructure bill. Read more...
17 Mar Experts Foresee Strong Demand for Packaged Goods After COVID Subsides Demand for consumer packaged goods jumped amid the coronavirus, but indications are it will remain elevated even after the pandemic eases. Read more...
17 Mar BMW Ramps Up Move to Electric Cars FRANKFURT, Germany — BMW intends to speed the rollout of new electric cars, vowing to bring battery-powered models to 50% of global sales by 2030, the German automaker said March 17. Read more...
17 Mar Uber to Give UK Drivers Minimum Wage, Pension LONDON — Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, after a recent court ruling that said they should be classified as workers and entitled to such benefits. Read more...
17 Mar Rivian to Open Brooklyn Showroom Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc., has signed a lease in Brooklyn for its first New York City retail store. Read more...