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Business, Technology, Fuel
SeongJoon Cho/Bloomberg News
Top Electric-Car Battery Maker Wins Approval for Company Split
SeongJoon Cho/Bloomberg News
South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.
October 30, 2020
Business, Logistics, Top 50, Top 100
Universal Logistics' third-quarter revenue decreased 2.8% year-over-year to $365 million from $375.5 million. (Universal via Facebook)
Universal Logistics Reports Higher Net Income of $13.6M for Q3
Universal Logistics' third-quarter revenue decreased 2.8% year-over-year to $365 million from $375.5 million. (Universal via Facebook)
Universal Logistics Holdings Inc. reported higher third-quarter net income, lifted largely by the recovery in automotive production.
October 30, 2020
Government, Business, Fuel
An aerial view of workers operating a derrick in Russia.(Bloomberg News)
Oil Poised for Worst Month Since March With Growing Curbs
An aerial view of workers operating a derrick in Russia.(Bloomberg News)
Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.
October 30, 2020
Government, Business, Technology
Keattisak A/Getty Images
New House Bill Promotes Transportation Technologies
Keattisak A/Getty Images
Legislation that aims to promote the adoption of new technologies throughout the country’s transportation networks was recently introduced in the U.S. House of Representatives.
October 30, 2020
Business, Logistics, Top 100
Daseke via YouTube
Daseke Reports Net Income of $15.7M for Q3
Daseke via YouTube
Daseke Inc. reported that its third-quarter bottom line result rebounded to a profit from a loss a year ago.
October 30, 2020
Business, Technology, Safety, Autonomous
A Waymo Chrysler Pacifica autonomous vehicle sits parked in Chandler, Ariz., in July 2018. (Caitlin O'Hara/Bloomberg News)
Waymo Looks to Calm Doubts About Driverless Cars With Data Release
A Waymo Chrysler Pacifica autonomous vehicle sits parked in Chandler, Ariz., in July 2018. (Caitlin O'Hara/Bloomberg News)
The voluntary disclosure comes less than a month after Waymo announced that it would begin offering fully driverless service to customers in Arizona and days before an election that could usher in a much tougher regulatory regime.
October 30, 2020
Government, Business
NYSDOT Commissioner Marie Therese Dominguez and the road crew constructing the auxiliary lane on a section of the westbound Staten Island Expressway. (NYCDOT via Twitter)
New York Officials Break Ground on Staten Island Expressway Project
NYSDOT Commissioner Marie Therese Dominguez and the road crew constructing the auxiliary lane on a section of the westbound Staten Island Expressway. (NYCDOT via Twitter)
New York Gov. Andrew Cuomo recently announced that construction has begun on a project to create a continuous auxiliary lane on a portion of the Staten Island Expressway.
October 30, 2020
Business, Technology, Top 100
John Sommers II for Transport Topics
USA Truck Posts Strong Net Income During Q3
John Sommers II for Transport Topics
USA Truck Inc. reported that its third-quarter bottom-line result swung to a profit from a loss in the year-ago period.
October 30, 2020
Business, Fuel
Callaghan O'Hare/Bloomberg News
Exxon Warns of $30 Billion Shale Writedown Amid Record Loss
Callaghan O'Hare/Bloomberg News
Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.
October 30, 2020
Government, Business, Technology
Grafissimo/Getty Images
Rhode Island Trucking Company Owner Admits to Falsifying ELD Records
Grafissimo/Getty Images
The owner of a Rhode Island-based trucking company has admitted to falsifying service records for approximately 20 drivers.
October 30, 2020