12 Feb US Oil Majors Downgraded by S&P on Climate Risk, Earnings Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings. Read more...
12 Feb Goldman Sachs Creates Joint Venture for Auto Technology Deals Goldman Sachs Group Inc. is creating a joint venture in its investment bank focused on catering to auto technology clients such as Tesla Inc. and the new class of companies trying to take on the top electric vehicle maker. Read more...
11 Feb Transportation Expert Highlights I-64 Pavement Recycling Project Pavement recycling presents opportunities for cost reduction and environmental sustainability, according to the principal research scientist at the Virginia Transportation Research Council. Read more...
11 Feb Trailer Orders Ease; Supply Chain Issues Rise U.S. trailer orders in January were 29,100, up 94% from the same month last year, ACT Research reported, citing manufacturers’ initial data. Read more...
11 Feb Locomation Partners With Rush to Advance Autonomous Trucking Locomation, a technology platform, announced Feb. 10 a strategic relationship with Rush Enterprises to advance autonomous trucking. Read more...
11 Feb Ryder Reports Q4 Improved Earnings Ryder System Inc. on Feb. 11 reported fourth-quarter net income of $25.6 million, or 48 cents per share, compared with a loss of $53.5 million, or loss of $1.02, in the same period a year ago. Read more...
11 Feb Economy Is Improving, but Challenges Remain, Economists Say The U.S. economy is poised for a strong recovery in the third quarter, provided the number of people being given the COVID-19 vaccine significantly improves and Congress and the White House reach a COVID relief package. Read more...
11 Feb House Panel Advances Guidance on Biden COVID-19 Proposal Emergency aid for the transit and aviation sectors was approved in legislation advanced by the transportation committee in the U.S. House of Representatives Feb. 10. Read more...
11 Feb Rush Q4 Net Income Rises on Fresh Demand, Cost Controls Truck dealership Rush Enterprises reported net income rose and revenue slipped in the fourth quarter. Read more...
11 Feb Texas, Ohio Earn Mediocre Infrastructure Grades From ASCE Texas and Ohio, which serve as important freight hubs, earned mediocre grades on the infrastructure report cards recently issued by the American Society of Civil Engineers. Read more...