Indiana Awards $100 Million in Matching Funds for Local Infrastructure Projects
Indiana Gov. Eric Holcomb and Indiana Department of Transportation Commissioner Joe McGuinness recently announced $100.2 million in state matching funds have been distributed to local government agencies to support road and bridge projects.
May 5, 2021Small Business COVID-19 PPP Runs Out of Money
The Small Business Administration said May 5 that the Paycheck Protection Program has been exhausted, after giving out nearly 10.8 million loans worth more than $780 billion since April 2020.
May 5, 2021ODFL's David Congdon Receives North Carolina Award
David Congdon, executive chairman of Old Dominion Freight Line, received the Order of the Long Leaf Pine award on April 22.
May 5, 2021Amazon Fuels Canada’s Severe Warehouse Shortage
With the pandemic driving a belated embrace of online shopping in Canada, Amazon .com Inc. has been gobbling up warehouses. That has pushed the vacancy rate in the Toronto area down to just 0.5%, making it the tightest market in North America, if not the world.
May 5, 2021Grote Appoints Brian Blanton Chief Financial Officer
Grote Industries announced Brian Blanton has joined the company as chief financial officer.
May 5, 2021Electric Car Startup Lucid Hires Waymo Veteran as Finance Chief
Lucid Motors Inc., the Saudi Arabia-backed electric vehicle maker going public via a reverse merger, has hired a former executive of Alphabet Inc.’s Waymo as chief financial officer.
May 5, 2021Stellantis CFO: Chip Shortage Impact Remains ‘Controlled’
MILAN — The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported May 5 a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.
May 5, 2021Hertz Deems Knighthead Bid Superior in Exit From Bankruptcy
Hertz Global Holdings Inc. said a proposal from Knighthead Capital Management and Certares Management to buy the car renter out of bankruptcy was superior to an existing offer from a rival investor group.
May 5, 2021April Class 8 Orders Cool; Supply Chain Woes Persist
Class 8 orders in April were 33,500, ACT Research reported, and the volume underscored how far the industry has rebounded from a year earlier when orders were the lowest since 1995.
May 5, 2021GM Profit Surges on Sales of Higher-Margin Pickups
DETROIT — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.
May 5, 2021