24 Feb House Panel, DeJoy See Need to Address USPS Financial Woes Postmaster General Louis DeJoy said some mail could be delayed under his plan to revitalize a U.S. Postal Service plagued by slow delivery and what he called a dire financial outlook. Read more...
24 Feb Biggest Electric School Bus Deal in US Approved in Maryland A school system outside Washington is poised to become the nation’s biggest operator of electric school buses. Read more...
24 Feb Biden to Order Review of Supply Chains President Joe Biden is preparing to sign an executive order to review U.S. supply chains for large-capacity batteries, pharmaceuticals, critical minerals and semiconductors that power cars, phones, military equipment and other goods. Read more...
24 Feb Tesla Shares Rally in Premarket Trading on ‘Buy the Dip’ Bounce Shares in Tesla Inc. gained in U.S. premarket trading, indicating that investors are buying the dip following a four-day drop that erased the electric carmaker’s year-to-date gains. Read more...
24 Feb Shell to Offer Carbon Neutral Heavy-Duty Lubricants Shell Rotella, a lubricant brand of Royal Dutch Shell, will offer customers carbon neutral lubricants for heavy-duty engines in North America. Read more...
24 Feb Top Bottlenecks Less Congested Last Year, but Infrastructure Needs Persist, ATRI Finds Trucks moved more swiftly last year through sections of road that historically are choked with congestion, as the coronavirus pandemic kept vehicles off the road and freed up highways for easier movement of freight, the American Transportation Research Institute said. Read more...
24 Feb Workhorse Passed Over as Oshkosh Wins USPS EV Contract Electric-vehicle maker Workhorse Group Inc. plunged on Feb. 23, triggering multiple trading halts, after a key U.S. Postal Service contract that some had expected it to win went to rival Oshkosh Corp. instead. Read more...
23 Feb Tesla Stock Wipes Out Gains for the Year Tesla Inc. shares wiped out their year-to-date gains Feb. 23 and briefly traded below the level where they were when the electric carmaker entered the S&P 500 Index in December. Read more...
23 Feb BorgWarner Agrees to Buy Akasol AG for $915 Million BorgWarner Inc. and Akasol AG have signed a business combination agreement intended to position BorgWarner to strengthen its commercial vehicle and off-highway battery systems business. Read more...
23 Feb Daimler Truck AG Taps Cummins to Supply All Medium-Duty Engines Daimler Truck AG and Cummins Inc. announced a global partnership for medium-duty diesel engine development and production, and are considering other potential collaborations. Read more...