09 Dec Minnesota DOT Awards $61 Million for Freight Network Projects The Minnesota Department of Transportation recently awarded $61 million for projects meant to improve the state’s freight transportation network. Read more...
09 Dec Uber Sells Flying Taxi Division to Joby in Broader Retrenchment Uber Technologies Inc. is selling off its flying taxi division to Joby Aviation and investing in the startup, marking the second time this week Uber abandoned a side project as it aims to turn a quarterly profit next year. Read more...
09 Dec DoorDash’s 86% Jump Adds to Blistering Year for Unicorn IPOs Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs. Read more...
08 Dec Freight Executives to Testify at Senate Panel Dec. 10 on Vaccine Logistics Freight industry executives are scheduled to update a panel of senators Dec. 10 on the logistics associated with delivering the COVID-19 vaccines. Read more...
08 Dec UPS Says It Can Handle Vaccine Rollout, Holiday Parcel Rush UPS Inc. said it has the capacity to handle the rollout of coronavirus vaccines and an unprecedented holiday package rush this month after investments in automation, tracking technology and dry-ice production. Read more...
08 Dec Wisconsin Panel OKs Updates to Highway Near Madison MADISON, Wis. — A state commission on Dec. 8 approved roughly $174 million in updates to an 18-mile stretch of highway near Madison. Read more...
08 Dec FMCSA Drug Clearinghouse Records 46,000 Violations in First 10 Months Nearly 46,000 driver drug-related violations have been recorded in the federal Drug and Alcohol Clearinghouse during its first 10 months of operation. Read more...
08 Dec Tesla Seeks to Raise Another $5 Billion in Stock Offering Tesla is looking to raise up to $5 billion in capital through a stock offering as the electrical vehicle and solar panel maker seeks to take advantage of strong demand for its products. Read more...
08 Dec More Than a Million Americans Will Travel Over Christmas, TSA Says Americans are expected to continue with their travel plans for the Christmas holiday with more than a million air passengers anticipated for the balance of December and into January for the holiday, David Pekoske, administrator of the Transportation Security Administration, said during an aviation event Dec. 8. Read more...
08 Dec AM Radio Transmitter Sites Now Valuable Real Estate for Logistics Industry Sites that for decades housed AM radio towers today command top dollar as e-commerce fuels rising demand for new warehouses and logistics centers. Read more...