Micron’s Warning Adds to Evidence of Collapsing Demand for Chips
Micron Technology Inc., the leading U.S. maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.
August 9, 2022Most EVs Won’t Qualify for Federal Tax Credit
DETROIT — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large.
August 9, 2022REPLAY: Formulate - Equipment & Maintenance Sessions
Formulate is a one-day virtual event with learning sessions dedicated to providing useful insights for fleet maintenance and operations decisionmakers.
August 9, 2022Portland City Council to Vote on Phasing Out Diesel Sales
Gradually phasing out diesel fuel sales in Portland, Ore., is among 43 climate change actions before the City Council’s second public hearing and vote slated for Aug. 24.
August 9, 2022Productivity Falls for a Second Quarter
Productivity slumped for a second straight quarter as the economy shrank, driving another surge in labor costs that risks keeping inflation elevated and further complicates the Federal Reserve’s efforts to tame price increases.
August 9, 2022Shipping Container Lines Set to Smash Year-Old Profit Record
The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.
August 9, 2022Elite Truckers to Meet in Indianapolis for National Truck Driving Championships
Heading into their 85th anniversary after a two-year hiatus, the National Truck Driving Championships return with a high level of excitement and a slate of competitors ready to once again showcase their skills behind the wheel.
August 8, 2022US Retail Cargo Seen Cooling in Second Half as Inflation, Rates Bite
U.S. ports will see less retail cargo entering the country in the second half of the year as economic growth slows amid back-to-back interest rate increases and persistent inflation.
August 8, 2022Bridgestone, Microsoft Collaborate on Tire Analytics
Bridgestone Corp. is renewing its collaboration with Microsoft to accelerate advanced tire analytics integration, the company announced Aug. 4.
August 8, 2022New Louisiana Port Project Looks to Expand Intermodal to DFW Area
Developers and port officials in Dallas County, Texas, are talking with leaders building the new Plaquemines Port Harbor and Terminal District/Louisiana Gateway Project to expand the reach of the budding Gulf of Mexico facility.
August 8, 2022