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SteelRiver Infrastructure Looking to Sell Patriot Rail

SteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation business that could fetch more than $600 million, according to people with knowledge of the matter.

February 12, 2019

Robot Package Delivery Trucks Developed in Detroit Ready for China, US

Looking like a delegation of toasters from space, a generation of electrically powered, self-driving mail trucks will roll out of a suburban Detroit industrial park later this year. Their mission: Revolutionize mail and package delivery.

February 11, 2019

Tech Startup ePallet Raises $3 Million to Fund 2019 Growth

ePallet Inc., a California-based firm that provides technology to enable food shippers and consumers to buy and sell products in pallet-size quantities direct from manufacturers and food processing firms, has said it has raised $3 million in funding.

February 11, 2019

U.S. Xpress Enterprises' Efficiency Moves Pay Off

Efforts by dry van truckload carrier U.S. Xpress Enterprises to boost profits by improving the efficiency of its trucking operations are paying off.

February 8, 2019

Amazon Reconsidering NYC Headquarters After Opposition

Amazon.com Inc. is reconsidering its plan to build a corporate campus in New York after facing a wave of opposition, according to a news report that cited unnamed people familiar with the matter.

February 8, 2019

Tesla to Cut 1,000 Jobs Starting March 20

Tesla’s Fremont factory will be the hardest hit in California by the global job cuts the electric vehicle maker announced last month.

February 8, 2019

Ford Investing $1 Billion in High-Profit SUV Plants

Ford Motor Co. is investing $1 billion in two Chicago factories and hiring 500 workers to expand its ability to crank out high-profit sport utility vehicles, including its new Explorer.

February 8, 2019

Venture Formed to Provide Bulk Liquids Storage, Logistics

Hartree Partners, a New York-based commodities trading firm, is forming a business to provide storage, terminaling and logistics services for producers of crude oil, refined petroleum products and other bulk liquids.

February 8, 2019

Hub Group Revenue Tops $1 Billion in Fourth Quarter

Intermodal and logistics service provider Hub Group reported revenue topping $1 billion and higher profits in the fourth quarter of 2018.

February 7, 2019