Business, Technology, Equipment

Fisker Stops Production for Six Weeks

Fisker Inc. is pausing production for the next six weeks as the electric vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy.

Richard Clough | Bloomberg News
March 18, 2024
Business, Technology, Equipment

Nikola Lowers 2023 Delivery Target

Nikola Corp. fell in early trading after the maker of electric big rigs warned it may not reach its full-year delivery target as it grapples with fallout from recent battery incidents.

Richard Clough | Bloomberg News
August 21, 2023
Business, Logistics

Norfolk Southern to Buy Cincinnati Rail Line for $1.62 Billion

Norfolk Southern Corp. agreed to acquire Cincinnati Southern Railway, tightening the company’s grip on a critical 337-mile line it already operates under a lease agreement.

Richard Clough | Bloomberg News
November 21, 2022
Business, Logistics, Top 100

UPS to Buy $1.5 Billion of Boeing Freighters as Air Cargo Booms

UPS Inc. agreed to buy 19 Boeing Co. freighter jets as soaring e-commerce and snarled shipping lines lead to a boom in air-cargo demand.

Richard Clough | Bloomberg News
December 21, 2021

Elon Musk Named Time’s Person of the Year

Elon Musk was named Time magazine’s “Person of the Year,” capping a run during which the head of Tesla Inc. solidified his standing as the world’s richest person and turned his onetime electric vehicle startup into a $1 trillion company.

Richard Clough | Bloomberg News
December 13, 2021
Business, Equipment, Logistics

Home Depot Reunites With HD Supply in Deal Catering to Pros

Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.

Richard Clough | Bloomberg News
November 16, 2020
Government, Business

Port of Los Angeles Sees Coronavirus Drag Through Most of 2020

The shipping industry will remain volatile for most of 2020 as the coronavirus outbreak in China upends the global supply chain, said the head of the largest U.S. container port.

Richard Clough | Bloomberg News
February 25, 2020
Business, Logistics

As Economy Heats Up, Truck Driver Shortage Burns More Companies

A strengthening economy has its downsides. Just ask United Natural Foods Inc.

Richard Clough | Bloomberg News
June 8, 2018
Business, Technology

GE Buys Software Company to Bolster Rail-Industry Supply Chain

General Electric Co. agreed to buy ShipXpress Inc., a cloud-based software firm, to bolster its supply chain offerings for railroad customers.

Richard Clough | Bloomberg News
August 30, 2016