04 Mar Navistar Reports Net Loss in Fiscal Year Q1 Navistar International Corp. reported a net loss and lower revenue for its fiscal first quarter amid lower volumes as the industry continued to transition to a softer freight market. Read more...
04 Mar Starsky Robotics Exits Autonomous Truck Space Starsky Robotics became the first self-driving truck startup to cease operations after raising an estimated $17 million in venture capital in 2018, then failing later to secure more investors, according to people familiar with the matter. Read more...
04 Mar Maine Panel Recommends Hiking Road Funding AUGUSTA, Maine — A commission tasked with solving Maine’s transportation funding shortfall will recommend an immediate infusion of between $20 million and $60 million while punting a range of possible solutions to the next Legislature. Read more...
04 Mar Electric Vehicle Industry Thriving in Southern California, Report Says California already is a world leader in the embryonic electric vehicle industry but needs more government help to flourish, according to a new report from the Los Angeles Economic Development Corp. Read more...
04 Mar US Business Leaders Caution Against Overreacting to Virus U.S. Chamber of Commerce officials and travel industry leaders urged businesses and consumers not to overreact to the spread of coronavirus and to take precautions while going about business as usual. Read more...
04 Mar S.D. Transportation Commission Announces $14 Million in Bridge Grants The South Dakota Transportation Commission recently awarded 27 grants totaling $14 million to local government agencies to support bridge preservation and replacement efforts. Read more...
03 Mar Ford Plans Electric Version of Transit Cargo Van Ford Motor Co. plans to manufacture an electric version of its popular Transit cargo van for the 2022 model year. Read more...
03 Mar Trash Hauler GFL Slides on Trading Debut Amid Market Turmoil GFL Environmental Inc. fell in its trading debut after raising $1.425 billion in the largest Canadian initial public offering in almost six years. Read more...
03 Mar Oil Clinches Gain After OPEC+ Committee Recommends Supply Cut Oil advanced for a second day after an OPEC+ committee recommended a larger supply cut to offset lost demand from the spread of the coronavirus. Read more...
03 Mar Exxon Outlines Steps to Reduce Harmful Methane Emissions NEW YORK — ExxonMobil on March 3 outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas. Read more...