TCA
Aurora Raises $483 Million From Public Offering
Aurora Innovation raised $483 million in a public stock offering this week as the autonomous trucking company looks to fund operations beyond its commercial launch later this year.
Sluggish Global Economy Weighs on Germany’s DHL in Q2
FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.
German Agency OKs Volkswagen’s Plans to Buy Rivian Stake
BERLIN — The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in U.S. electric car manufacturer Rivian, it said July 29.
Gordie Howe International Bridge Links Detroit to Windsor
DETROIT — The U.S. and Canadian sides of the Gordie Howe International Bridge have been connected, marking the bridge as an official border crossing.
Mercedes-Benz to Install EV Chargers at 100 Starbucks
Starbucks and Mercedes-Benz announced a partnership July 17 to install high-power electric vehicle chargers at 100 Starbucks stores across the U.S.
Alternative Powertrain Might Unlock US EV Market
An alternative vehicle powertrain called an EREV that’s booming in China might hold the answer to encouraging Americans to adopt electric cars and trucks.
Port of Baltimore Terminal to Have $1.54B Impact, Study Finds
The planned Sparrows Point terminal is expected to transform Maryland’s economy over a decade, generating more than 8,000 jobs and adding $1.54 billion a year in economic impact.
Stellantis Invests Additional $55M in Electric Air Taxi
Stellantis has invested an additional $55 million in the electric air taxi company Archer Aviation following a successful test flight and other major milestones.
C.H. Robinson COO Arun Rajan Becomes CSIO
In an atypical move, C.H. Robinson’s chief operating officer — its No. 2 — is becoming its chief strategy and innovation officer.
New Baltimore Bridge Could Have Higher Clearance
BALTIMORE — Authorities will soon decide if they want to raise the 185-foot vertical clearance of the area's bridges, and by how much.