01 Apr EV Stocks Climbing Back on Biden’s ‘Green Tidal Wave’ Electric vehicle stocks, which were hit hard this year as investors shifted out of growth industries, are getting a boost as President Joe Biden mounts a major push to accelerate the adoption of battery-powered cars, and Chinese peers report strong March sales. Read more...
01 Apr Connecticut Plan Outlines Strategies for Connected, Automated Vehicles Autonomous delivery services — and the challenges they present — are included as a consideration in the Connecticut Department of Transportation’s recently released strategic plan for connected and automated vehicles. Read more...
01 Apr Dana Adds Service-Free Medium-Duty Parts Dana Inc. has added new SPL 140SFX service-free u-joints for medium-duty applications to its Spicer Life series portfolio. Read more...
01 Apr Sandeep Sakharkar to Become CIO for XPO Spinoff GXO XPO Logistics announced that Sandeep Sakharkar will become the chief information officer of spinoff business GXO Logistics. Read more...
01 Apr Granholm, Buttigieg to Help Sell Infrastructure Plan President Joe Biden said he had directed five of his Cabinet members, including Transportation Secretary Pete Buttigieg and Energy Secretary Jennifer Granholm, to help advance his plan to spend $2.25 trillion on infrastructure and other priorities. Read more...
01 Apr Volvo Penta, Tico to Develop Electric Terminal Trucks Volvo Penta announced a joint effort in North America with Terminal Investment Corp. to develop emissions-free, fully electric terminal truck prototypes, calling them a viable future application for EVs. Read more...
01 Apr IMC Cos. Hires First Chief Administrative Officer The marine drayage business IMC Cos. announced March 29 that it hired its first chief administrative officer. Read more...
01 Apr Oil Rises After OPEC+ Agrees to Boost Output Gradually Oil rose after the OPEC+ alliance agreed to increase oil production gradually over the next three months. Read more...
01 Apr Maffei Named Maritime Commission Chairman The Biden administration tapped Daniel Maffei to lead the Federal Maritime Commission, the agency announced recently. Read more...
01 Apr US Jobless Claims Rise as Labor Market Recovery Remains Choppy Applications for U.S. state unemployment insurance unexpectedly rose last week but remained near the lowest levels of the pandemic as the labor market meanders toward full recovery. Read more...