XPO Appoints Ravi Tulsyan to Finance Position
XPO Logistics appointed Ravi Tulsyan to the newly created position of deputy chief financial officer effective immediately, the company announced Feb. 24.
February 26, 2021Consumer Sentiment Fell in February to a Six-Month Low
U.S. consumer sentiment fell in February to a six-month low as expectations remained weak even while lawmakers moved closer to approving another round of financial relief.
February 26, 2021Chinese Trucking Startup Files Confidentially for US IPO
China’s Uber-like startup Full Truck Alliance confidentially has filed for an initial public offering that could raise at least $1 billion as soon as this year, according to people familiar with the matter.
February 26, 2021Grote Launches New Headlamps
Grote Industries announced its newest forward lighting, the 90mm LED High Beam and Low Beam headlamps and the 90mm Combination High Beam/Low Beam LED headlamp module.
February 26, 2021House to Vote on Virus Bill
WASHINGTON — Democrats are ready to shove a $1.9 trillion COVID-19 relief package through the House on Feb. 26, despite a setback that means a minimum wage boost is unlikely to be in the final version that reaches President Joe Biden.
February 26, 2021Dana Taps Byron Foster as Chief Commercial Officer
Dana Inc. announced Byron Foster joined the company as chief commercial, marketing and communications officer.
February 26, 2021Nikola Falls After Paring Output Goals for Debut Electric Trucks
Nikola Corp. shares slipped after the company cut projected output of its first commercial zero-emission vehicles and said it may seek to raise more capital to invest in facilities such as a planned hydrogen-fueling network.
February 26, 2021Biden Orders USDOT to Review Supply Chain
President Joe Biden has directed the Department of Transportation to conduct a review of the nation’s supply chain in the wake of challenges that arose during the earlier days of the coronavirus pandemic.
February 25, 2021UPS Expects 40% Jump in Vaccine Doses Next Week, Peak in May
UPS Inc. and FedEx Corp. are ramping up vaccine distribution, with plans for additional gains if Johnson & Johnson’s inoculation is cleared by U.S. regulators.
February 25, 2021Secretary Pete Buttigieg Suggests Usage Charge as Sustainable Funding Solution
Transportation Secretary Pete Buttigieg acknowledged the lack of sustainable transportation financing sources, but suggested an increase to the federal fuel tax rate would not offer a long-term solution.
February 25, 2021