10 Jul Crude Oil Pares Weekly Decline on Optimism Over Virus Treatment Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market. Read more...
10 Jul Greenbrier CEO Will Remain in Position Until September 2022 The Greenbrier Companies Chairman and CEO Bill Furman has agreed to continue in his position for up to two more years as a result of the coronavirus pandemic. Read more...
10 Jul Kansas DOT Awards 22 Projects Through Cost Share Program Officials in Kansas recently announced 24 projects have been selected as part of the state Department of Transportation’s Cost Share Program, a popular initiative designed to provide funding for transportation projects. Read more...
10 Jul Trump Says Phase 2 China Trade Deal Unlikely at This Point President Donald Trump said a phase two trade deal with China isn’t under consideration, saying the relationship between Washington and Beijing has deteriorated too much. Read more...
10 Jul Wicker, Bennet Introduce Infrastructure Bonds Bill Legislation that would create certain “direct-pay” taxable municipal bonds as a way to finance public projects during the pandemic was recently introduced by two key senators. Read more...
10 Jul Mack, VTNA Extend Respective Uptime Services Support at No Cost Volvo Group’s commercial truck brands Mack Trucks and Volvo Trucks North America separately announced they extended their uptime services support bundle at no cost through the end of the year, or a minimum of three months, whichever is longer. Read more...
10 Jul Chevron, Clean Energy Partner on Adopt-a-Port Initiative to Reduce Emissions Chevron Corp. announced it is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with carbon-negative renewable natural gas to reduce emissions. Read more...
10 Jul EV Maker Rivian Raises $2.5 Billion in New Funding Round Rivian Automotive Inc., the electric truck startup already backed by Amazon.com Inc. and Ford Motor Co., raised $2.5 billion in new funding from a group of investors led by T. Rowe Price Associates Inc. Read more...
10 Jul Dana Introduces New Drive Technologies Dana Inc. announced new drive technologies for material-handling vehicles, including a low-voltage, high-efficiency motor for electric-powered applications. Read more...
10 Jul Oil Refineries in Texas Grapple With COVID-19 Outbreaks Oil refineries aren’t being spared as COVID-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily. Read more...