26 Feb Nikola Chooses Mark Russell as President Mark Russell has joined Nikola Corp.’s executive management team as president at a time when the company said it is poised to start production of several groundbreaking zero-emissions vehicles. Read more...
26 Feb Warning Signs Flash for Detroit as Jeep Wranglers Pile Up on Dealer Lots An unexpected spike in inventory of Fiat Chrysler Automobile NV’s iconic Jeep is stoking concern that the American SUV boom that has fueled Detroit automakers’ profit is reaching its limits. Read more...
26 Feb Vancouver Squeezed for Industrial Space, Canadian Brokerage Says The market for industrial space is so hot in Vancouver, British Columbia, the city may run out of land for the sector, according to brokerage CBRE Ltd. Read more...
26 Feb Drivers, Coaches Honored at Awards Ceremony SAN DIEGO — Lytx recognized the safety performance of drivers and coaches at an awards ceremony held here during its annual user group conference. Read more...
26 Feb T&I Ranking Republican Sam Graves Slams Green New Deal Democrats’ Green New Deal manifesto aimed at revolutionizing the country’s transportation system by drastically reducing fuel emissions was described as a fantasy by the top Republican transportation policymaker in the U.S. House of Representatives. Read more...
26 Feb Allison Transmission Reports Record Revenue, Net Income for 2018 Allison Transmission Holdings Inc. reported record annual revenue and net income for 2018 while tax-related and interest expense factors led to mixed fourth-quarter results. Read more...
26 Feb Musk Faces Contempt Claim for Violating Accord With SEC Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc., raising fresh concerns about the chief executive officer’s ability to keep his impulses in check and responsibly run a public company. Read more...
26 Feb Housing Starts Decline to Two-Year Low in December U.S. new-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets. Read more...
26 Feb Teamsters: Jack Cooper Workers at Ford Plant in Louisville Won’t Be Laid Off Four hundred twenty-five union workers at the Ford Truck Plant in Louisville, Ky., who were told Feb. 20 they were being laid off April 21, will not be out of work, according to a Teamsters union leader who spoke with Transport Topics. Read more...
26 Feb Home Depot Falls as Sales Outlook Slows and Housing Starts Lose Steam Home Depot Inc. shares fell on Feb. 26 after the retailer said sales gains will start to cool off this year — mirroring a trend in the U.S. housing market. Read more...