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DP World Nears $1.2 Billion Deal for Logistics Firm Syncreon

DP World is nearing an acquisition of Syncreon Holdings Ltd. in a deal that could value the U.S. supply chain services company at about $1.2 billion, according to people familiar with the matter.

June 30, 2021

White House Sets Red Line Around Climate Goals in Reconciliation

Major climate measures sought by the White House that were left on the cutting room floor during infrastructure negotiations with Republicans will be non-negotiable items as the administration sets its sights on the next legislative vehicle, a White House official said June 30.

June 30, 2021

Workhorse Says It Didn’t Get a Fair Shot at USPS Van Award

The U.S. Postal Service didn’t give Workhorse Group Inc. a fair shot at a contract worth as much as $6 billion to build mail delivery vans, the maker of electric vehicles said in its challenge of the service’s decision to award the work to Oshkosh Corp.

June 30, 2021

HDA Truck Pride Partners With PhaseZero

HDA Truck Pride announced June 29 that it is partnering with PhaseZero to bring e-commerce solutions to its distributor members.

June 29, 2021

Robotics Firm AutoStore Plans IPO at $10 Billion Value

AutoStore is weighing an initial public offering that could value the Norwegian warehouse robotics company at more than $10 billion, according to people familiar with the matter.

June 29, 2021

Alphabet Jumps Into Drone Air-Traffic Control With Flight App

Alphabet Inc.’s drone-delivery venture, Wing, is releasing free software for U.S. drone users to get permission to fly near sensitive areas such as airports.

June 29, 2021

Schumer, Buttigieg Vow to Advance NYC Gateway Tunnel

Senate Majority Leader Chuck Schumer and Transportation Secretary Pete Buttigieg vowed to advance a long-delayed rail tunnel connecting New York and New Jersey using money expected to be appropriated this year.

June 28, 2021

Biden, Key Lawmakers Agree on Bipartisan Infrastructure Deal

President Joe Biden announced on June 24 that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.

June 24, 2021

Infrastructure Deal Closer With Biden, Senators Meeting June 24

President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions.

June 24, 2021

China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO

Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.

June 22, 2021