VW Creates Buzz Before EV Launch
Volkswagen AG is seeking to create buzz months before deliveries start for its first ID. electric car, following the footsteps of Tesla Inc.’s Elon Musk, whose promotion of the Model 3 generated reservation lines around the block.
May 2, 2019First-Quarter Productivity Rises 3.6% in Fastest Pace Since 2014
Productivity gains in the United States accelerated by more than expected last quarter to the fastest pace since 2014, adding fuel to the Trump administration’s argument that its tax cuts are boosting the economy without stoking inflation.
May 2, 2019Tesla to Raise $2 Billion to Counter Cash Drain
Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after CEO Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be self-sustaining.
May 2, 2019House Speaker Nancy Pelosi Stresses Federal Funding in Infrastructure Plan
A $2 trillion infrastructure package that congressional Democrats and President Donald Trump agreed to work on during this session of Congress should be backed primarily with federal funds, House Speaker Nancy Pelosi told reporters May 2.
May 2, 2019Averitt Expands Residential Delivery Options
Averitt Express has expanded its residential delivery network to provide shippers with a variety of direct-to-customer delivery options as demand for final-mile logistics services grows.
May 2, 2019Paccar Parts Makes Chrome Options Available
Paccar Parts has made available new chrome options for the Kenworth W990 model.
May 2, 2019XPO Logistics Sets New Growth Targets After Setbacks in 2018
XPO Logistics reported lower profits and overall flat revenue in the first quarter of 2019, but the company’s CEO drew an optimistic picture of the business going forward with $1.1 billion in new business added so far this year and more than $4 billion in active bids in its sales pipeline.
May 1, 2019Editorial: Dealmakers Strike a Big Deal
The $2 trillion infrastructure agreement President Donald Trump and congressional Democrats reached last week has been a long time coming, and we’re thrilled to see it. Voices on both sides of the aisle have maintained that infrastructure is a bipartisan issue. Seeing the top leaders from both parties agree on such a massive legislative effort indicated that those statements were more than just talk.
May 1, 2019Western Express to Invest $88 Million, Add 225 Jobs in Tennessee
Western Express, a Nashville-based freight company, announced May 1 it will spend $88 million and add 225 jobs as it adds new technology, business services and back-office support at its headquarters and expands its truck fleet nationwide.
May 1, 2019Infrastructure Bill Should Pave Way for Modernization, Holmes Norton Says
The April 30 announcement from House Democrats on an agreement with President Donald Trump to work on a $2 trillion infrastructure package elevated the profile of the subcommittee on Highways and Transit, and presents Del. Eleanor Holmes Norton with an opportunity to pursue a transformative vision not just for the District of Columbia, but the entire country.
May 1, 2019