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Business, Technology, Fuel

Top Electric-Car Battery Maker Wins Approval for Company Split

LG Chem won investor approval on Oct. 30 to spin off its electric-car battery division. 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 Reports Higher Net Income of $13.6M for Q3

Universal Logistics tractors 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.

Connor D. Wolf | Staff Reporter
October 30, 2020
Government, Business, Fuel

Oil Poised for Worst Month Since March With Growing Curbs

An aerial view of workers operating a derrick in Russia. 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.

Andres Guerra Luz | Bloomberg News
October 30, 2020
Government, Business, Technology

New House Bill Promotes Transportation Technologies

Road tech illustration 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.

Eugene Mulero | Senior Reporter
October 30, 2020
Business, Logistics, Top 100

Daseke Reports Net Income of $15.7M for Q3

Daseke truck on highway Daseke via YouTube

Daseke Inc. reported that its third-quarter bottom line result rebounded to a profit from a loss a year ago.

Connor D. Wolf | Staff Reporter
October 30, 2020
Business, Technology, Safety, Autonomous

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. 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

New York Officials Break Ground on Staten Island Expressway Project

Staten Island groundbreaking 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.

Eleanor Lamb | Staff Reporter
October 30, 2020
Business, Technology, Top 100

USA Truck Posts Strong Net Income During Q3

USA Truck 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.

Connor D. Wolf | Staff Reporter
October 30, 2020
Business, Fuel

Exxon Warns of $30 Billion Shale Writedown Amid Record Loss

Signage at an Exxon gas station in Houston on Oct. 28. 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.

Kevin Crowley | Bloomberg News
October 30, 2020
Government, Business, Technology

Rhode Island Trucking Company Owner Admits to Falsifying ELD Records

Rhode Island sign Grafissimo/Getty Images

The owner of a Rhode Island-based trucking company has admitted to falsifying service records for approximately 20 drivers.

Eleanor Lamb | Staff Reporter
October 30, 2020

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