Business

Uber Technologies Inc. is selling off its flying taxi division to Joby Aviation and investing in the startup, marking the second time this week Uber abandoned a side project as it aims to turn a quarterly profit next year.

Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.

Two of the country’s largest freight firms reassured federal lawmakers of their preparedness in helping to deliver COVID-19 vaccines as early as this month.

UPS Inc. said it has the capacity to handle the rollout of coronavirus vaccines and an unprecedented holiday package rush this month after investments in automation, tracking technology and dry-ice production.

MADISON, Wis. — A state commission on Dec. 8 approved roughly $174 million in updates to an 18-mile stretch of highway near Madison.

Nearly 46,000 driver drug-related violations have been recorded in the federal Drug and Alcohol Clearinghouse during its first 10 months of operation.

Tesla is looking to raise up to $5 billion in capital through a stock offering as the electric vehicle and solar panel maker seeks to take advantage of strong demand for its products.

Americans are expected to continue with their travel plans for the Christmas holiday with more than a million air passengers anticipated for the balance of December and into January for the holiday, David Pekoske, administrator of the Transportation Security Administration, said during an aviation event Dec. 8.

Sites that for decades housed AM radio towers today command top dollar as e-commerce fuels rising demand for new warehouses and logistics centers.

QuantumScape Corp., a battery startup that counts Volkswagen AG as its largest shareholder, says new data shows its batteries can be charged to as much as 80% of full power in 15 minutes, almost twice as fast as a Tesla Model 3.