EV Battery Maker SES Agrees to Go Public Via Ivanhoe SPAC
Battery maker SES Holdings Pte has agreed to go public by merging with Ivanhoe Capital Acquisition Corp. in a deal that will value the combined company at about $3.6 billion.
July 13, 2021Consumer Prices Surged in Past Year the Most Since 2008
WASHINGTON — American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply.
July 13, 2021PepsiCo’s Sales Jump Most in a Decade as Restaurants Reopen
PepsiCo Inc. reported the fastest sales growth in at least a decade and raised its forecast, benefiting from thirsty consumers returning to restaurants, bars and stadiums and others diving into bags of chips.
July 13, 2021Bipartisan Infrastructure Deal Stalls as Bigger Plan Gains
WASHINGTON — A $1 trillion bipartisan infrastructure deal senators struck with President Joe Biden is at risk of stalling out as Republicans mount stiff resistance over ways to pay for it, and momentum shifts to a more robust Democratic proposal that could come into focus soon.
July 13, 2021TRB Panelists Talk Automated Trucking’s Implications on Driver Shortage, Safety
Automated trucking applications, particularly in the longhaul sector, have the potential to help alleviate some of the strains associated with the industrywide driver shortage, a panel of experts told researchers.
July 12, 2021PFG, Dana Both Advance Sustainability Measures
A leading private carrier and a tier one supplier recently each announced additional sustainability goals.
July 12, 2021Executive Order on Competition Mostly Praised in Shipping Community
President Joe Biden’s signing of an executive order to increase competition and reduce congestion in the supply chain is gaining the support of leaders at the Federal Maritime Commission and trade associations.
July 12, 2021Neste Renewable Diesel First to Gain Industry Certification
Helsinki-based Neste Corp. announced its renewable diesel brand, Neste MY Renewable Diesel, is the first to receive the industry’s Top Tier Diesel Fuel certification for its quality and performance.
July 12, 2021Intermodal Port in Arkansas Moves Forward
The new intermodal port in Arkansas between Van Buren and Fort Smith continues to move forward with hopes of breaking ground in two years. The Western Arkansas Intermodal Authority met on July 7 to learn about updates to the project.
July 12, 2021Gateless Tolling Coming to Ohio Turnpike
COLUMBUS, Ohio — The Ohio Turnpike is looking for new legal power to bill freeloading drivers as it prepares to institute no-stop, electronic toll lanes as part of a modernization plan it hopes will speed up traffic across the state.
July 12, 2021