09 Sep Canadian Pacific Moves Into Lead Position for Merger With KCS Canadian Pacific Railway has edged ahead of rival Canadian National in the back-and-forth battle to acquire Kansas City Southern, as a key vote from KCS shareholders and an earlier ruling from the Surface Transportation Board point toward resolution of a duel that has been brewing for the better part of six months. Read more...
09 Sep Owner of Terminal at Port of Los Angeles Explores Sale EQT Infrastructure, an arm of alternative-asset manager EQT AB, is exploring a sale of its 90% controlling stake in Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, according to people with knowledge of the matter. Read more...
09 Sep Walmart Breaks Green-Bond Record With $2 Billion Debut Sale Walmart Inc. made its green bond market debut with a $2 billion offering Sept. 8, the largest ever from a U.S. corporation, according to data compiled by Bloomberg. Read more...
09 Sep US House Kicks Off $3.5 Trillion Budget Process Infrastructure and climate change priorities of President Joe Biden’s domestic agenda will be considered when congressional lawmakers return to the nation’s capital the week of Sept. 13. Read more...
09 Sep OEMs Outline Vision for EV Transition Phases, Targets for Next 20 Years LONG BEACH, Calif.— Truck maker executives said they are preparing for when broader support for zero-emission vehicles will come and sales will climb. For now, financial incentives, sell-side rules and the promise of corporate sustainability goals are supporting the medium- and heavy-duty truck electrification market. Read more...
09 Sep White House Blasts Meatpackers for Grocery ‘Profiteering’ The Biden administration is taking aim at major meatpackers, charging that “pandemic profiteering” is squeezing consumers and farmers alike, with a few companies that dominate the industry raking in record profits. Read more...
09 Sep UPS to Hire 100,000, Many in 30 Minutes or Less The package delivery company said Sept. 9 that it plans to hire more than 100,000 people for the busy holiday shipping season, many of whom will get job offers within 30 minutes of applying. Read more...
09 Sep Distraction, Fatigue Continue to Challenge Drivers, Study Says A new study has concluded that talking and singing in the cab are not distracting for truck drivers, but other common activities such as adjusting the seat belt, reaching for food or drink, and adjusting the instrument panel or mirrors showed significant risk of a crash or near-crash. Read more...
09 Sep California Natural Gas Prices Hit Highest Since Texas Crisis California’s record heat is sending natural gas prices in the region to the highest since February as electricity demand surges at a time when supplies needed by power plants have been tight. Read more...
09 Sep Ford Will Cease Making Cars in India, Take $2 Billion Charge Ford Motor Co. will shut its car factories in India and record roughly $2 billion in restructuring charges, scaling back significantly in a country that past management saw becoming one of its three biggest markets. Read more...