Business, Technology, Logistics

Delivery Startup DoorDash to Seek Up to $2.8 Billion in IPO

DoorDash Inc., the biggest U.S. food delivery company, is seeking to raise as much as $2.8 billion in an initial public offering that’s part of an end-of-year U.S. listings rush.

November 30, 2020
Government, Business, Fuel

OPEC+ Meets to Seek Compromise on Plan to Delay Output Hike

OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market.

November 30, 2020
Business, Logistics

XPO’s Europe Unit Sale Said to Slow as Blackstone Drops Out

XPO Logistics Inc.’s sale of its European supply chain business has slowed after a key bidder dropped out of the process, people with knowledge of the matter said.

November 23, 2020
Government, Business, Technology, Fuel

China Pushes Ahead With Hydrogen, Defying Skeptics Like Elon Musk

China, the world’s biggest market for electric vehicles, isn’t so quick to dismiss the alternative to batteries. Officials are promoting the development of hydrogen-powered cars, trucks and buses, with Beijing offering to reward cities that achieve adoption targets.

November 20, 2020
Government, Business, Fuel, Logistics

China Oil Giant Eyes New Supertankers to Shrink Diesel Glut

China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil.

November 12, 2020
Government, Business

White House Leaves Stimulus to Congress After Failed Talks

The Trump administration is stepping back from negotiations on a new stimulus package and leaving it to Senate Majority Leader Mitch McConnell to revive long-stalled talks with House Speaker Nancy Pelosi, according to people familiar with the situation.

November 12, 2020
Government, Business, Logistics

Pfizer Vaccine Road Map Shows Logistical, Financial Obstacles

When Pfizer Inc. and BioNTech SE’s COVID-19 vaccine rolls off production lines, Shanghai Fosun Pharmaceutical Group Co. will be waiting to distribute it through a complex and costly system of deep-freeze airport warehouses, refrigerated vehicles and inoculation points across China.

November 12, 2020
Government, Business, Technology, Fuel

VW CEO Diess Says Existential Electric Race Awaits After Pandemic

Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.

November 5, 2020
Government, Business, Fuel

OPEC+ Inches Closer to Delaying Output Hike After Russian Talks

OPEC+ inched closer to delaying its January output increase, with Russia actively discussing keeping its current curbs for an extra three months as oil markets weaken.

November 2, 2020
Business, Fuel, Logistics

E-Commerce Boom Offers Lifeline for Oil

Look across the street from your home-office window: chances are you will see a delivery van.

October 28, 2020