Business, Logistics

Platinum Considers $1 Billion Canadian Logistics Firm Sale

U.S. private equity firm Platinum Equity is considering a sale of logistics firm Livingston International amid growing investor appetite in the sector, according to people familiar with the matter.

September 1, 2022
Business, Technology, Fuel, Autonomous

Tesla’s Musk Signals Optimism on End to ‘Supply Chain Hell’

Tesla Inc. reported second-quarter earnings that beat Wall Street estimates, reflecting the company’s progress in getting production back on track while tackling supply chain hurdles and COVID lockdowns at its factory in China.

July 21, 2022
Business

Record Homes Under Construction Raise Hope of Inventory Boost

U.S. housing starts may have fallen to more than a one-year low in May, but a historic pipeline of homes under construction is seen easing an inventory crunch as those projects come to fruition.

June 16, 2022
Business, Technology, Fuel, Autonomous

Tesla Delays Semi and Cybertruck on Supply Woes

Tesla Inc. pushed back introductions of new models to next year, wagering the best way to continue expanding sales in the face of supply chain challenges will be to further leverage a narrow lineup of big sellers.

January 26, 2022
Logistics

EU Plan Will Classify Food Delivery Workers as Employees

As many as 4.1 million people working through food delivery and ride-hailing apps could be reclassified as employees under a forthcoming European Union plan meant to improve gig workers’ labor rights.

December 3, 2021
Government, Business, Technology, Fuel, Autonomous

Elon Musk’s Tesla Share Sales Pass $10 Billion

Elon Musk’s offloading of Tesla Inc. shares surpassed the $10 billion mark as he sold stock in the electric car maker for the fourth consecutive week.

December 3, 2021
Business, Technology, Fuel

Rivian’s Trading Debut Pushes Value to Almost $88 Billion

Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.

November 10, 2021
Government, Business, Technology, Fuel

Lawmakers Chide Colonial Pipeline for Weak Cybersecurity

U.S. lawmakers criticized Colonial Pipeline Co.’s cybersecurity practices as the company’s CEO faced his second day of questioning on Capitol Hill.

June 9, 2021
Government, Business, Fuel

Colonial Pipeline CEO Defends Cyberattack Response

The chief executive officer of the pipeline company hit by a ransomware attack last month apologized to a U.S. Senate panel for the incident that paralyzed the East Coast’s flow of gasoline, diesel and jet fuel, while defending his company’s response and offering tips for future hacking victims.

June 8, 2021
Government, Business, Fuel

Oil Tops $70 a Barrel for First Time Since 2019

Oil resumed its advance, reaching the highest settlement in more than two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air.

June 1, 2021