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STG Logistics Cuts Debt Deal That Upends Creditor Ranks

Oaktree Capital Management-backed STG Logistics reached a deal with a group of lenders that overhauls its debt stack and allows them to jump ahead of peers in the repayment priority line.

October 4, 2024

Fleet Advantage Program Aligns EV, Diesel Pricing

HANOVER, Germany — Fleet Advantage’s EV Path aims to create more digestible investment terms for fleets and bridge the financial gap between traditional diesel fuel vehicles and EVs.

October 4, 2024

Waymo, Hyundai Announce Partnership on Robotaxis

Hyundai Motor Group and self-driving car company Waymo announced a new partnership to incorporate Georgia-made electric vehicles into the next generation of robotaxis.

October 4, 2024

EU Countries Vote to Impose Duties on China EVs

BRUSSELS — EU countries voted to impose duties on imports of electric vehicles from China, as talks continued between Brussels and Beijing to find an amicable solution to their trade dispute.

October 4, 2024

N.C. Quartz Mine Owner Says Helene Damage Was Minimal

The owner of a North Carolina quartz mine that’s a key source for high-purity quartz used in global semiconductor manufacturing said its operations sustained only minor damage.

October 4, 2024

Global Shipping Stocks Sink After Dockworkers Pause Strike

Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.

October 4, 2024

Cargo Theft Experts Warn of Peak Season Fraud

The trucking industry expects an uptick in cargo theft activity, related to peak shipping season, on top of already elevated conditions, experts warned.

October 4, 2024

US Adds a Robust 254,000 Jobs in September

WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support a growing economy.

October 4, 2024

US Dockworkers Agree to Resume Work, Ending 3-Day Strike

Ports are reopening Oct. 4, and the ILA and USMX will restart negotiations on a long-term agreement, which will include a pay increase of about 62%.

October 3, 2024