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GSA Awards $33.2M for Pacific Highway Port Modernization

The U.S. General Services Administration has awarded a $33.2 million contract to modernize Washington state’s busiest commercial border crossing with Canada.

October 24, 2024

German Flying Taxi Firm Lilium May File for Insolvency

Lilium NV said its main subsidiaries may be forced to file for insolvency proceedings within days as the electric flying taxi firm struggles to raise enough funding to continue operations.

October 24, 2024

China’s CATL Unveils Battery Designed for Hybrid Vehicles

China’s Contemporary Amperex Technology Co. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.

October 24, 2024

Tesla Stock Rises After Q3 Earnings Beat Estimates

The company on Oct. 23 reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate.

October 23, 2024

Tesla’s Shrinking Margins Put Pressure on Upcoming Earnings

Shares of the Elon Musk-led company have fallen 12% this year through Oct. 22, while all of its Big Tech peers have advanced.

October 23, 2024

Birla Carbon to Open $1B Graphite Plant in South Carolina

The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.

October 23, 2024

NACFE: Early Electric TRUs Show Promise; Struggle With Costs

The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.

October 23, 2024

Hyundai Testing Novel Hydrogen Production

Hyundai’s plant in Georgia has been running its internal logistics operations using hydrogen and the automaker has been testing domestic production of the fuel using biogas from food scraps.

October 23, 2024

FAA Issues Rule That Moves Air Taxis Closer to Takeoff

Federal regulators gave a strong push to electric-powered air taxis Oct. 22 by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.

October 23, 2024