Eaton Agrees to Buy Defense Group Ultra PCS for $1.6 Billion
(Eaton via YouTube) Eaton Corp. agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent. Eaton will pay $1.55 billion for the Cheltenham, England-based business to boost its portfolio in both military and civilian aircraft, it said in a statement Jun 16. The ...more
Nikola’s Latest Bid to Secure Funds to Advance FCEV Fails
Nikola adjourned its stockholder meeting until Aug. 3 after the company failed for a second time to win enough support ...more
Produce Season Fails to Boost Struggling Freight Market
Workers load produce onto trucks for transport at the Hunts Point Terminal Produce Market in New York. (John Taggart/Bloomberg News) ...more
AI Fleet Telematics Role in Transforming Road Safety
Advances in Artificial Intelligence (AI) are enhancing connected vehicle cameras and creating opportunities to mitigate road, driver, and fleet risks. ...more
Analysts: Walkout at UPS Would Have Deep Impact on Economy
A UPS worker delivers packages in the SoHo neighborhood of New York. (Angus Mordant/Bloomberg News) The potential for a strike ...more
DHL Express Opens Atlanta Cargo Facility
DHL's Atlanta facility at Hartsfield-Jackson International Airport is equipped with technology capable of sorting up to 20,000 pieces per hour. ...more
Michigan Lawmaker Proposes Bill to Limit EPA Emission Rules
Former House Speaker Paul Ryan (left) and Rep. Tim Walberg (R-Mich., right) during a 2017 mock swearing in ceremony in ...more
Aldi to Buy 400 Winn-Dixie, Harveys Stores in Southern US
Customers enter an Aldi supermarket in Bensalem, Pa. (Matt Rourke/Associated Press) Discount grocer Aldi said ...more
Mexico’s Fultra Buys Ohio-based Trailer Manufacturer East
East Manufacturing's Horizon round-bottom trailer. (East Manufacturing) Mexican truck parts and trailer specialist Fultra bought ...more
Uber Raises Minimum Age for Most California Drivers to 25
Previously drivers as young as 19 could sign up. (David Paul Morris/Bloomberg News) SAN FRANCISCO ...more
Amazon Delivery Drivers in Denver Undergo Unique Training
Driver trainer Bruce Ruckard (right) shares a laugh with program manager Albert DiPasquale as he ...more
Rivian Adds Former Porsche Exec as Chief Commercial Officer
A Rivian R1T electric vehicle pickup truck at the company's manufacturing facility in Normal, Ill. ...more
California Shows an Electric-Car Uprising Headed for the US
A row of Tesla's electric vehicle charging stations. (David Paul Morris/Bloomberg News) If you want ...more
ATA Leader Chris Spear Presses Congress for AV Framework
Chris Spear addresses the U.S. House panel on highways and transit operations on Sept. 13. ...more