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Business / August 6, 2022 / Greatquotes / 0
Brand new Tesla cars sit in a parking lot at a Tesla showroom on June 27, 2022 in Corte Madera, California. Justin Sullivan | Getty Images News | Getty Images The California Department of Motor Vehicles has accused Tesla of engaging in deceptive practices around the marketing of its driver assistance systems, which are branded
Business / August 4, 2022 / Greatquotes / 0
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first
Business / August 3, 2022 / Greatquotes / 0
AP Moller-Maersk, is one of the world’s largest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade. Andia | UIG via Getty Images AP Moller-Maersk on Wednesday predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion.
Business / August 3, 2022 / Greatquotes / 0
The Port of New York and New Jersey announced new tariffs on Tuesday related to empty containers and export volume in its battle to decrease container congestion. Both loaded and empty containers that are considered long-dwelling will be subjected to a quarterly “container imbalance fee.” The tariff will be effective as of September 1, pending
Business / August 2, 2022 / Greatquotes / 0
In this photo illustration a Innoviz Technologies logo is displayed on a smartphone. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Israeli lidar maker Innoviz announced Tuesday that it has won a contract to supply lidar units and related software for autonomous driving to a unit of Volkswagen, in a deal worth $4
World / August 1, 2022 / Greatquotes / 0
The UK government’s recently announced bill to override certain aspects of the Northern Ireland protocol is casting a long shadow over the state of trading. Paul Faith | Afp | Getty Images DUBLIN — Amid acute political uncertainty and the upheaval of Brexit, the movement of goods on the island of Ireland has been transforming
Business / July 30, 2022 / Greatquotes / 0
Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines relented this week and agreed to sell itself to JetBlue Airways for $3.8 billion, hours after breaking off a merger agreement with Frontier Airlines that failed to win enough shareholder support. The
Business / July 29, 2022 / Greatquotes / 0
The airline industry, as well as the world at large, was grounded once covid hit in March of 2020. Eventually some flights were available in 2020 with enhanced safety precautions, but relatively few people felt like taking the risk. So it was no surprise when the International Air Transport Association confirmed that 2020 was the
Business / July 29, 2022 / Greatquotes / 0
Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the
Business / July 29, 2022 / Greatquotes / 0
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. Truckers servicing some of the US’s busiest ports are staging protests as state-level labor rules that change their employment status begin to go into effect, creating another choke point in stressed US supply chains. David Paul Morris