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Eddie Lampert’s Transform Holdco Sues Sears Estate, Demands Trial and $130 Million

The fight over the deal that bought Sears Holdings Corp. out of bankruptcy shows no sign of cooling off.

May 29, 2019

XStream Trucking Seeks Larger Share of Aerodynamics Market

Aerodynamic devices intended to calm turbulence and improve fuel efficiency for heavy-duty vehicles come in many shapes and sizes — from wheel covers to fairings over, under and behind trailers. Now a group of investors has provided additional support to XStream Trucking Inc., whose TruckWings device automatically encloses the area between the tractor and trailer.

May 29, 2019

FedEx Practice of Diverting Delivery of Huawei Parcels Called a Political Ploy

FedEx Corp.’s reported practice of rerouting Huawei parcels to the United States without the Chinese company’s authorization demonstrates that the U.S. government is leaving no stone unturned to disrupt normal business activities, analysts said May 28.

May 29, 2019

Auto Industry’s Weakness Drags Down Global Economic Growth

A decline in global car sales likely reduced world gross domestic product by 0.2% last year, and a flat auto market will continue to dampen global manufacturing indicators in 2019, according to a report by Fitch Ratings on May 28.

May 29, 2019

Rep. Earl Blumenauer Proposes Fuel Tax Increase

Rep. Earl Blumenauer, a member of the tax policy-writing Ways and Means panel, recently unveiled legislation that would increase federal fuel taxes.

May 29, 2019

Connecticut Gov. Ned Lamont Releases Draft Plan on Infrastructure Investment

As the Connecticut General Assembly’s legislative session draws to a close, Gov. Ned Lamont released a working draft of an infrastructure funding proposal that lawmakers will rely on during a special session focused solely on transportation and economic development.

May 29, 2019

Diesel Drops 1.2¢ to $3.151 a Gallon

The U.S. average retail price of diesel dropped 1.2 cents to $3.151 a gallon, the Department of Energy reported. Concerns over demand and supply pushed oil below $59 a barrel, a level not seen since mid-March.

May 28, 2019

Tesla to Reveal Price of Chinese-Made Model 3s May 31

Tesla Inc. is getting close to revealing new prices for the Model 3 in China as it nears local manufacturing of the car.

May 28, 2019

China Ramps Up War of Rhetoric in Trade Standoff With US

BEIJING — Stepping up Beijing’s propaganda offensive in the tariffs standoff with Washington, Chinese state media on May 24 accused the U.S. of seeking to “colonize global business” with moves against Huawei and other Chinese technology companies.

May 24, 2019

CEOs Raise Concerns About Availability of Diesel and Other Fuels in 2020 Because of IMO Bunker Fuel Mandate

A group of industry stakeholders is urging the Trump administration to take action to ensure adequate supplies of fuel for freight and air travel and home heating in advance of a change in the type of fuel the maritime industry will use beginning next year.

May 24, 2019