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German Shipping Giant Hapag-Lloyd Posts Higher Profits

HAMBURG, Germany — The German shipping company Hapag-Lloyd has raised its profit forecast for the current financial year because of rising freight rates.

October 25, 2024

Port of New Orleans Names CEO

Beth Ann Branch of Port of Mobile was chosen as the next CEO of the Port of New Orleans and Public Belt Railroad, putting a former Gulf Coast rival at the helm in New Orleans.

October 25, 2024

Samsara Releases AI-Enabled Drowsy Driving Detection

Fleet technology provider Samsara has released a new safety feature that proactively detects and mitigates drowsy driving through artificial intelligence.

October 25, 2024

Waymo Closes $5.6 Billion Funding Round

Waymo, Alphabet Inc.’s autonomous driving unit, raised $5.6 billion from investors, its largest-ever funding round.

October 25, 2024

Tesla Targets Full Semi Production by End of 2026

Tesla expects production of its Semi Class 8 tractor to accelerate to full throttle by the end of 2026, according to a senior executive, as the automaker offers more details about the vehicle.

October 25, 2024

VW’s Scout Motors Adds New Hybrid Models

Volkswagen AG’s forthcoming Scout line of battery-powered sport utility vehicles and pickup trucks is adding gasoline-fueled internal combustion engines to the mix.

October 25, 2024

Mississippi River Dries Up Again at Worst Time for Farmers

The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their crops to the world.

October 25, 2024

Ship Owner in Baltimore Bridge Collapse to Pay $102 Million

WASHINGTON — The owner and manager of the cargo ship that caused the deadly Baltimore bridge collapse have agreed to pay more than $102 million in cleanup costs to settle a DOJ lawsuit..

October 25, 2024

Biden Greenlights Lithium Mine in Race to Secure Supply

Ioneer Ltd.’s Rhyolite Ridge Lithium-Boron Project in Nevada has received its federal permit from the Bureau of Land Management, according to a company statement Oct. 24.

October 24, 2024