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Uber’s Conservative IPO Valuation Faces Public Market Test

Uber Technologies Inc. took a conservative approach to its initial public offering May 9, picking a share price toward the bottom of the marketed range and at a valuation below its last private funding round.

May 10, 2019

Chinese Eager for Self-Driving Future; Americans Not So Sure, Survey Shows

More than half of Chinese consumers can’t wait to get out from behind the wheel and into an autonomous car. That makes China more positive than most about driverless vehicles, with Western consumers cooler on the technology.

May 9, 2019

Waymo Inches Forward as Self-Driving Frontrunner With 1,000 Riders

The first major self-driving taxi service needed six months to reach 1,000 customers, another sign that growth may be slow as companies try to build businesses around autonomous vehicles.

May 9, 2019

Stamps.com Craters Without Postal Service Partnership

Stamps.com plunged 48% in pre-market trading May 9, poised to drop to a five-year low, after the company slashed its profit outlook for the full year, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service.

May 9, 2019

FMCSA’s Ray Martinez: Industry Collaboration, Data Play Key Roles in Agency’s Work

SCOTTSDALE, Ariz. — The Federal Motor Carrier Safety Administration is focused on improving infrastructure and creating common-sense regulations, and open communication with the trucking industry enhances the government’s efforts.

May 8, 2019

A. Duie Pyle Puts Two Electric Trucks on New York City Streets

Executives with less-than-truckload carrier A. Duie Pyle Inc. said the company is on the verge of operating two battery-electric Fuso eCanter Class 4 trucks in New York City as it steps up its involvement with electrified commercial vehicles.

May 8, 2019

VW’s ID.3 Seen as Direct Challenge to Tesla’s Supremacy in Electric Market

Volkswagen AG is about to find out whether consumers will back its 30 billion-euro strategy to topple Tesla Inc. as the electric-car leader. The German auto giant is taking 1,000-euro deposits to secure one of the first in a new range of battery-powered models.

May 8, 2019

Infrastructure Week Shines Spotlight on Resilience, Modernization

After recent hurricanes destroyed transportation corridors in the Southeast part of the country, Puerto Rico and the U.S. Virgin Islands, Democrats on Capitol Hill ramped up their calls for rebuilding infrastructure that would be far more resilient.

May 8, 2019

Suppliers Take Path to Alternative Powertrains

With interest in alternative powertrains heating up, a mix of suppliers and original equipment manufacturers discussed in their latest earnings reports how they are preparing to help customers who face more options than ever.

May 7, 2019