16 Aug Global Chip Shortage May Last Until 2023, Infineon CEO Says The global chip shortage that’s hampering companies from carmakers to computer manufacturers may linger for years, according to Germany’s biggest semiconductor company, Infineon Technologies AG. Read more...
13 Aug NYC Leaders’ Plan for Expressway Aims to Toughen Truck Enforcement New York City officials have unveiled a plan to extend the life of the Brooklyn-Queens Expressway cantilever that includes a goal of reducing truck traffic on the corridor. Read more...
13 Aug Ram Pickups Recalled DETROIT — Stellantis is recalling more than 266,000 pickup trucks mainly in North America because the side air bags can explode without warning and hurl shrapnel into the cabin. Read more...
13 Aug Moderate Democrats Demand Quick Passage of Infrastructure Bill WASHINGTON — Moderate House Democrats say they would sink a crucial fiscal blueprint outlining $3.5 trillion in social and environment spending unless a separate infrastructure bill is approved first, a new complication for the divided party’s drive to enact President Joe Biden’s domestic agenda. Read more...
13 Aug Are Hydrogen-Powered Vehicles a Realistic Path to Clean Energy? Manufacturers of large trucks and commercial vehicles are beginning to embrace hydrogen fuel cell technologies as a way forward. Read more...
13 Aug GlobalTranz, Worldwide Express Chart Course After Merger The recent merger of GlobalTranz Enterprises and Worldwide Express is still in the getting-to-know-you phase and steps are being discussed to become fully integrated, executives from both companies said. Read more...
13 Aug Tesla Hopes to Start Production at Berlin Factory in October BERLIN — Tesla founder and CEO Elon Musk said Aug. 13 that he hopes to start producing cars at its new factory outside Berlin in October. Read more...
13 Aug Kansas City Southern Rejects New Bid From Canadian Pacific OMAHA, Neb. — Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week. Read more...
13 Aug China’s Port Shutdown Raises Fears of Closures Worldwide A COVID outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares. Read more...
12 Aug PS Logistics Continues Acquisition Strategy With Patriot Deal PS Logistics announced that it has purchased all substantial transportation assets of Patriot Transit and Patriot Logistics. Financial terms were not disclosed. Read more...