Alphabet’s Drone Delivery Business Cleared for Takeoff by FAA
An offshoot of Alphabet Inc.’s Google has become the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin dropping products to actual customers.
April 23, 2019New-Home Sales Rise to 16-Month High
Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower borrowing costs.
April 23, 2019Kenworth, Toyota Join Forces to Reduce Emissions at California Ports
LOS ANGELES — Kenworth Trucks joined forces with several allies April 22 in the battle against greenhouse gases, unveiling three of 10 Class 8 trucks that will run using hydrogen fuel cells developed by Toyota.
April 23, 2019Coca-Cola Jumps on Profit Beat as China Fuels Beverage Sales
Coca-Cola Co., locked in a renewed battle for global beverage sales with rival PepsiCo Inc., rose in early trading as its push beyond sugary drinks helped it beat on profit in the first quarter.
April 23, 2019Cameron Ramsdell to Lead Newly Formed U.S. Xpress Ventures
U.S. Xpress Enterprises Inc. announced it established U.S. Xpress Ventures, a business unit focused on developing and implementing new asset-based business models and technology strategies within the company. It named Cameron Ramsdell president of the new unit.
April 23, 2019Federal BUILD Grants Application Opportunity Announced
Federal infrastructure grants designed to facilitate big-ticket projects nationwide are back in the spotlight.
April 23, 2019Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall
Celadon Group Inc. is selling its Celadon Logistics brokerage and third-party logistics subsidiary in a $60 million deal that helps advance the Indianapolis-based company’s plan to shore up its business in the wake of accounting troubles that date back several years.
April 22, 2019Diesel Jumps 2.9¢ a Gallon to $3.147
The U.S. average retail price of diesel climbed 2.9 cents to $3.147 a gallon, and crude oil prices pushed past $65 a barrel to post a six-month high, the Department of Energy reported April 22.
April 22, 2019Truck-Lite Acquires Lumitec
Truck-Lite, based in Falconer, N.Y., acquired Lumitec, a supplier of lighting for the marine industry, according to an April 17 press release.
April 22, 2019Transtex Buys TopKit, LeadEdge From SmartTruck
Transtex, a manufacturer of aerodynamic products and fleet-safety technology for commercial vehicles, has acquired TopKit and LeadEdge Top Fairing assets from SmartTruck, a precision aerodynamics company based in Greenville, S.C.
April 22, 2019