Senators Try to Sell $1 Trillion Infrastructure Plan to Public
WASHINGTON — The senators who spent months stitching together a nearly $1 trillion infrastructure package are now trying to sell it to the American people before a key vote expected this week that would push a long recognized national priority much closer to the finish line, after years of talk.
August 4, 2021Despite Chip Shortage, GM Posts $2.8 Billion Profit
DETROIT — Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter.
August 4, 2021Nikola's Financial Loss Widens in Second Quarter
Nikola Corp. posted a widening second-quarter financial loss as the electric vehicle startup said it is moving forward despite financial setbacks and the federal indictment of its former leader.
August 3, 2021Buttigieg Has Final Say Over $105 Billion in Infrastructure Grants
WASHINGTON — At least $274 billion of the bipartisan Senate infrastructure bill’s $550 billion in new spending would go toward transportation — and it also would give Transportation Secretary Pete Buttigieg the final say over about $105 billion of that $274 billion, according to one transportation analyst.
August 3, 2021Cummins Posts Strong Q2 Results
Cummins Inc. reported second-quarter net income and revenue soared, powered by North American engine sales. At the same time, the company announced it was exploring what it called “strategic alternatives” for its filtration business unit.
August 3, 2021Daseke Reports Higher Profit, Revenue for Q2
Daseke Inc. saw earnings and revenue increase during the second quarter, the company reported Aug. 3.
August 3, 2021Former Roadrunner Executive Convicted in Financial Case
A federal jury has convicted the former chief financial officer of Roadrunner Transportation Systems Inc. on four counts of violating federal securities laws for his role in a complex securities and accounting fraud.
August 3, 2021Isaac Instruments Selects Mike Stapleton for VP Position
Isaac Instruments announced July 26 that Mike Stapleton has been appointed to serve as vice president of industry relations.
August 3, 2021Maersk Ratchets Up Profit Guidance After Freight Rates Soar
A.P. Moller-Maersk A/S, the world’s largest container line, raised its guidance for profit this year after freight rates soared as lockdowns led to a surge in spending on shipped goods.
August 3, 2021Stellantis Pumps Up Profitability Forecast in Earnings Debut
Stellantis NV raised its full-year profitability outlook substantially as strong demand and pricing carried the carmaker to much better-than-expected results for the first half.
August 3, 2021