The acquisition eliminates the need for fleet managers to call repair shops directly to set up vehicle servicing. (Fleetio) Fleetio, a software firm that helps companies manage their vehicle fleets, has raised $450 million in late-stage venture funding to help finance a takeover of maintenance-authorization platform Auto Integrate. The deal values the combined business at ...more
Construction on the Teton Pass on June 25, 2024, near Jackson, Wyo. (Natalie Behring/AP/File) A once-every-four-years report card on the upkeep of America’s infrastructure gave it a “C” grade on March 25, up slightly from previous reports, largely due to investments made during former President Joe Biden’s administration. The report from the American Society of ...more
(Mark Kauzlarich/Bloomberg News) Waymo on March 25 added Washington to its pioneering robotaxi service’s steadily expanding list of U.S. markets, although passengers will have to wait until next year until they can take a driverless ride around the nation’s capital city. For now, Waymo’s robotaxis will continue to map Washington’s streets and corridors with a ...more
Liquefied natural gas processing equipment at Shell's Queensland Curtis LNG plant on Curtis Island in Australia. (Ian Waldie/Bloomberg News) Shell Plc CEO Wael Sawan said the UK energy company will continue to look for potential acquisitions but warned of the risks inherent in pursuing a major deal. Speaking in a Bloomberg TV interview March 25, ...more
Liquefied natural gas processing equipment at Shell's Queensland Curtis LNG plant on Curtis Island in Australia. (Ian Waldie/Bloomberg News) Shell Plc CEO Wael Sawan said the UK energy company will continue to look for potential acquisitions but warned of the risks inherent in pursuing a major deal. Speaking in a Bloomberg TV interview March 25, ...more
Corvettes pass through the GM Bowling Green Assembly plant in Bowling Green, Ky., in 2009. (David W. Smith/Daily News via Associated Press) LOUISVILLE, Ky. — Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said. ...more
A Rockford, Ill., Phillips 66 fueling station. Phillips 66 has a so-called staggered board in which only some of its directors are up for election each year. (Daniel Acker/Bloomberg News) Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four seats be up for election this year, the ...more
Signage outside the JBS beef facility in Greeley, Colo. (Michael Ciaglo/Bloomberg News) JBS SA, the world’s largest meatpacker, posted earnings that beat expectations as strong demand for chicken and pork helped offset pressure in its U.S. beef business. The Brazilian company posted earnings before items such as interest and taxes of 10.8 billion reais ($1.9 ...more
Canadian Foreign Minister Melanie Joly said last week that China had executed four dual Canadian-Chinese citizens over drug crimes. (Renaud Philippe/Bloomberg News) China’s ambassador warned the Canadian government against using it as a “bargaining chip” in trade negotiations with the U.S. but said it’s ready to pursue a bilateral free trade agreement if Canada removes ...more
A U.S. Postal Service letter carrier delivers mail Feb. 21 in Overland Park, Kan. (Charlie Riedel/Associated Press, File) The U.S. Postal Service is facing an uncertain future after the resignation this week of Postmaster General Louis DeJoy and the suggestion by President Donald Trump and Elon Musk, who heads the Department of Government Efficiency, that ...more
