12 Mar Shell Doubled Oil-Trading Profit to $2.6 Billion Last Year Royal Dutch Shell Plc disclosed the profitability of its sprawling and secretive oil-trading unit for the first time, saying it almost doubled to $2.6 billion last year. Read more...
12 Mar Tesla Shares Drop After Fire at EV Maker’s California Plant Tesla Inc. shares fell a day after firefighters responded to an incident at the company’s factory in Fremont, Calif., containing a blaze in an area of the property under construction. Read more...
11 Mar DeJoy Embraces Electric Trucks Despite USPS Contract Award Postmaster General Louis DeJoy, defending the selection of a gasoline-powered vehicle maker to build the next generation of U.S. mail trucks, said he envisions the service moving quickly to electric power. Read more...
11 Mar Trailer Orders Rise 82% in February to 24,200 U.S. trailer orders in February reached 24,200, an increase of 82% from a year earlier, ACT Research reported. Read more...
11 Mar Biden Is Betting His Whole Climate Agenda on Infrastructure Candidate Joe Biden rode into the White House promising to build back the economy after the devastation of COVID-19 with cleaner energy and a lower carbon footprint. The $1.9 trillion American Rescue Plan that President Biden signed into law March 11, however, does little in the way of fulfilling that pledge. Read more...
11 Mar Renault to Sell $1.4 Billion Daimler Stake Renault SA plans to sell shares in Daimler AG worth about $1.4 billion (1.2 billion euros) to secure funds for its turnaround efforts after a record annual loss. Read more...
11 Mar LG to Invest $4.5 Billion to Expand Battery Capacity in US LG Chem Ltd. plans to invest $4.5 billion in the U.S. by 2025 and hire 10,000 workers to expand battery capacity. Read more...
11 Mar Officials Call $202,000 Towing Bill a Textbook Example of a Scam A Wisconsin motor carrier got a big surprise when one of its tractor-trailers hauling a truckload of cheese had to be pulled from a ditch on I-64 in central Virginia: A $202,000 removal and towing bill. Read more...
11 Mar Congressional Earmarks Can Be Tool for Advancing Infrastructure Bill, Stakeholders Say Freight transportation stakeholders said they’d welcome revival of the long-dormant congressional earmark process as part of comprehensive infrastructure legislation later this year. Read more...
11 Mar Transportation Aid Included in COVID-19 Relief Bill Aid for transportation programs around the country was approved as part of the nearly $2 trillion COVID-19 relief package signed by President Joe Biden on March 11. Read more...