05 Oct XPO Marks App Milestone XPO Logistics Inc. announced that demand for its XPO Connect digital freight marketplace has reached two global milestones — more than 200,000 downloads of the Drive XPO mobile app and over 65,000 carriers registered on the platform. Read more...
05 Oct Bendix Buys Out Dana’s Share in Joint Venture Bendix Commercial Vehicle System announced it acquired full ownership of Bendix Spicer Foundation Brake, the joint venture it formed in 2004 with Dana Inc. Bendix is a subsidiary of Germany-based Knorr-Bremse. Read more...
02 Oct Market Gets Harsh Reminder That COVID Is Its Elemental Risk In 24 hours, investors have learned the jobless rate dropped, Tesla Inc. built more cars than forecast and that someone is back making huge options trades in tech megacaps. None of it mattered in markets captivated by news that not even the White House is safe from COVID-19. Read more...
02 Oct GM Considers Boosting Stake in Nikola in Reworked Deal General Motors Co. is considering revisions to its deal with embattled Nikola Corp., according to people familiar with the discussions, and may seek a higher stake in the startup now that its valuation has fallen after allegations of deception. Read more...
02 Oct Kenan Advantage Group Acquires Canadian-Based Paul’s Hauling Kenan Advantage Group has completed its acquisition of Paul’s Hauling Ltd. Read more...
02 Oct House Panel Advances FEMA Relief Bill Legislation that would adjust the cost share of federal disaster assistance recently was approved by the House transportation committee. Read more...
02 Oct Pelosi Optimistic on Relief, Says Trump’s Illness Alters Dynamic House Speaker Nancy Pelosi said negotiations on a new stimulus with the White House will press ahead and President Donald Trump’s COVID-19 diagnosis might change the tenor of the talks by emphasizing the seriousness of the pandemic. Read more...
02 Oct PennDOT Extends Expiration Dates for Commercial Licenses, Permits As a response to statewide efforts to combat COVID-19, the Pennsylvania Department of Transportation has extended expiration dates pertaining to commercial driver licenses. Read more...
02 Oct Hyliion Goes Public on NYSE Hyliion Inc., announced it has completed its business combination with Tortoise Acquisition Corp. That cleared the way for the combined company to be renamed Hyliion Holdings Corp. and its common stock to be listed as HYLN on the New York Stock Exchange. Read more...
02 Oct Tesla Inches Near Annual Goal With Record Sales in Quarter Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales — making a difficult year-end sales goal slightly more attainable. Read more...