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Northvolt Unit Files for Bankruptcy as Expansion Plan Halted

Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden.

October 8, 2024

Trade Gap Narrows to Smallest in Five Months

The U.S. trade deficit narrowed in August to the smallest in five months, helped by a larger services surplus and a pickup in merchandise exports.

October 8, 2024

PepsiCo Lowers Revenue Forecast as Sales Growth Weakens

PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on buying its snacks and drinks.

October 8, 2024

J.B. Hunt to Back Freight, Logistics Startup Incubator

The venture aims to launch up to six startups over the next three years, beginning in 2025, to address core strategic challenges within the transportation industry.

October 8, 2024

Hurricane Milton Takes Aim at Tampa Bay as Category 4 Storm

TAMPA, Fla. — Hurricane Milton weakened slightly but remained a ferocious storm that could land a once-in-a-century direct hit on the populous Tampa Bay region with towering storm surges.

October 8, 2024

Diesel Price Rises 4¢ to $3.584 a Gallon

The national average diesel price increased 4 cents to $3.584 per gallon, according to U.S. Energy Information Administration data released Oct. 7. 

October 7, 2024

Rivian Faces Delays, Cuts Production After Supplier Misstep

Rivian miscalculated when communicating supply and demand needs with Essex, its sole supplier of what are essentially copper wires that carry the electric current inside EV motors.

October 7, 2024

Hurricane Milton Is Now a Disastrous Category 5 Storm

This makes Milton one of the most powerful storms produced in the Atlantic this year, rivaled only by Hurricane Beryl, which raked Texas, Mexico and the Caribbean in July.

October 7, 2024

WYDOT Rolls Out Web-Based Permitting for Heavy Loads

Launched on Oct. 1, the ProMiles commercial web-based system streamlines the administration of self-issued permits while maintaining existing state permit requirements.

October 7, 2024