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Nissan to Buy Parts From Renault-Geely Venture

Nissan Motor Co. will be a major customer to Renault SA’s combustion engine venture as the partners push on with reshaping their troubled alliance and make progress in the EV transition.

December 6, 2023

Unprecedented US Exports Are Weighing on Global Crude Market

Exports of U.S. crude are nearing a record of 6 million barrels a day — flooding the market with oil and weighing on prices from Europe to Asia.

December 6, 2023

GXO Logistics Testing Humanoid Robot at Georgia Facility

Warehouse workers could soon face new competition from robots: GXO Logistics Inc. is testing a humanoid model at its facility in Flowery Branch, Ga.

December 6, 2023

California-based Logistics Company Expands in South Carolina

South Carolina Gov. Henry McMaster announced that California-based IronLink Logistics will invest $16.45 million to establish operations there in a move to gain a Southeast presence.

December 6, 2023

XPO In Line for 28 Yellow Properties for $870 Million

Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp.

December 5, 2023

Breaking: Brad Jacobs' Bold Billion Dollar Move

Brad Jacobs, the billionaire who founded XPO Logistics Inc., is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself. Jacobs has not yet said what industry he plans to expand into with his new venture. 

December 5, 2023

Global Fossil Fuels Emissions to Hit Record Peak in 2023

The Global Carbon Project estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons, a new peak.

December 5, 2023

USDOT Announces $1.5 Billion in Infrastructure Grants

The U.S. Department of Transportation recently announced the availability of grants designed to advance big-ticket infrastructure projects along commercial and commuter corridors.

December 5, 2023

Danish Union Takes Action Against Tesla in Nordic Solidarity

The labor conflict against Tesla in Sweden is spreading to neighboring Denmark where the country’s largest trade union said Dec. 5 they will take action in solidarity with Swedish workers.

December 5, 2023