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Air Taxi Firm Joby Sees Service Starting in Dubai Before US

Joby Aviation Inc. expects to launch its flying taxi service in Dubai before anywhere else, including the startup’s home turf in the U.S.

March 22, 2024

60 Seconds: Demand for Electric Power Takeoff Systems Is Growing

An ePTO will run “anything that goes on with the truck’s ignition key except the engine,” says Viatec Inc. CEO Mark Ferri, such as lights, air conditioning, powered accessories (like windows and seats), computers, hand tool chargers and communications equipment. 

March 22, 2024

Stellantis to Cut 400 Jobs in US

Stellantis NV is cutting about 400 white-collar jobs in the U.S. as the maker of Jeep and Ram vehicles works to shift its product lineup toward electric cars.

March 22, 2024

Congress Approves $1.2 Trillion Package of Spending Bills

WASHINGTON — Congress approved a $1.2 trillion package of spending bills early on March 23 just a few hours after funding for some key federal agencies was set to expire.

March 22, 2024

Amazon Delivery Rival Pandion Secures Funding for Expansion

E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon’s delivery — has secured $41.5 million in fresh funds to expand its operation.

March 22, 2024

FedEx Plans $5 Billion Buyback of Shares

FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.

March 21, 2024

Uber Freight Bolsters Drop-and-Hook Solution Nationwide

Uber Freight has scaled up its drop-and-hook capacity solution nationally with new freight network optimization capabilities, the company announced March 21.

March 21, 2024

Drought Threatens to Snarl Mississippi River Traffic Again

The Mississippi River is at risk of bottlenecks for a third straight year as warm, dry spring weather and low winter snowpack limit the amount of water feeding into it.

March 21, 2024

Big Grocers Profited From Pandemic More Than Smaller Rivals

Large grocery retailers’ annual profits rose during the COVID-19 pandemic and have remained elevated since, which warrants deeper scrutiny, says a report by the Federal Trade Commission.

March 21, 2024