Technology

About Technology News...
Business, Technology

Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon

Daimler CEO Ola Kallenius. Daimler CEO Ola Kallenius. (Alex Kraus/Bloomberg News)

Daimler AG CEO Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signaled demand for cars and trucks has started to recover from the most dramatic slump in decades.

Christoph Rauwald | Bloomberg News
July 8, 2020
Business, Technology, Logistics, Top 100

Walmart Jumps With Amazon Prime Challenger Nearing Debut

Packages move along a conveyor belt inside a Walmart fulfillment center in Pennsylvania. Packages move along a conveyor belt inside a Walmart fulfillment center in Pennsylvania. (Michael Nagle/Bloomberg News)

Walmart Inc. will introduce a subscription service this month to compete with Amazon.com Inc.’s Prime program, according to a person familiar with the plans.

Matthew Boyle | Bloomberg News
July 7, 2020
Business, Technology, Autonomous

Tesla Bull Case Raised Above $2,000 a Share at Morgan Stanley

New Tesla vehicles sit in a lot. New Tesla vehicles sit in a lot. (Luke MacGregor/Bloomberg News)

Morgan Stanley analysts lifted their bull-case price target for Tesla Inc. to $2,070 after an “extraordinary” rally saw the stock overshoot a previous best-case scenario of $1,200. But they still don’t recommend buying Tesla shares.

Joe Easton | Bloomberg News
July 7, 2020
Government, Business, Technology, Logistics

Electric Vehicles Are Starting to Buoy the Global Metals Market

Cut cobalt cathodes sit inside barrels in Netherlands in January 2018. Cut cobalt cathodes sit inside barrels in Netherlands in January 2018. (Jasper Juinen/Bloomberg News)

The market gloom over the metals that will power the cars of the future is starting to lift.

Yvonne Yue Li | Bloomberg News
July 7, 2020
Government, Business, Technology, Autonomous

FHWA Announces Funding Opportunity for Technology Grants

Port of Virginia A past award went to the Port of Virginia for a truck reservation system. (Luke Sharrett/Bloomberg News)

The Federal Highway Administration recently announced the availability of $60 million in grant funding for groups working on projects that involve transportation technologies.

Eleanor Lamb | Staff Reporter
July 7, 2020
Business, Technology, Equipment, Safety

Fleets Push Forward With Tech Investment Despite Pandemic, Economic Uncertainty

Lytx A driver enters information into a Lytx in-cab event recorder. (Lytx)

Despite facing business challenges and economic uncertainty, some trucking companies have continued to move forward with technology investments during the COVID-19 outbreak.

Stephen Bennett | Special to Transport Topics
July 6, 2020
Business, Technology

Uber to Buy Postmates for $2.65 Billion to Expand Delivery

The Postmates app on a phone. (Gabby Jones/Bloomberg News)

Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered.

July 6, 2020
Government, Business, Technology

House Infrastructure Bill Will Never Become Law, Rep. Sam Graves Says

Sam Graves 2019 Sam Graves photo by Andrew Harrer/Bloomberg

A $1.5 trillion infrastructure package advanced by the U.S. House of Representatives on July 1 will never be enacted into law, said the top Republican on the chamber’s transportation panel.

Eugene Mulero | Senior Reporter
July 2, 2020
Business, Technology, Fuel

Tesla Beats Delivery Expectations, Sending Shares Surging

Tesla vehicles sit in a parking lot at a port. Tesla vehicles sit in a parking lot at a port. (Toru Hanai/Bloomberg News)

Tesla Inc. reported a sequential gain in quarterly deliveries that seemed improbable weeks ago, sending its stock surging toward Wall Street’s most bullish price target.

Dana Hull | Bloomberg News
July 2, 2020
Government, Business, Technology

House OKs $1.5 Trillion Infrastructure Plan That Impacts HOS, Insurance

House Speaker Nancy Pelosi House Speaker Nancy Pelosi at a recent press conference. (Carolyn Kaster/Associated Press)

WASHINGTON — The Democratic-controlled House approved a $1.5 trillion plan July 1 to rebuild the nation’s crumbling infrastructure, pouring hundreds of billions of dollars into projects to fix roads and bridges, while also delaying implementation of hours-of-service revisions and increasing liability insurance minimums.

Matthew Daly | Associated Press
July 1, 2020

Pages