Shipping containers are being loaded onto rail cars at the Global Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Images Members of the International Longshore and Warehouse Union (ILWU) of Canada have voted to ratify the second tentative agreement with West Coast port ownership, bringing …
Shoppers visiting Brickell City Centre in Miami, Florida on June 14, 2023, may have noticed a shift in the way companies are offering customer rewards. Airlines, retailers, and even companies like Dunkin’ and Sephora have become stingier with their perks, making it harder for customers to earn elite status, tightening return policies, and cracking down …
An Astra Spacecraft Engine during testing. Astra Struggling space company Astra is implementing a 25% reduction in its workforce, as announced on Friday. The company aims to restructure and give more emphasis to its spacecraft engine business, which will result in a delay in the development of its small rocket. Astra is presently cutting approximately …
Nikola TRE FCEV2 Courtesy: Nikola Shares of electric truck manufacturer Nikola experienced a decline of over 26% on Friday following a complex second-quarter report, news about the departure of the CEO, and shareholder approval for the issuance of new stock. Nikola announced on Friday that its CEO, Michael Lohscheller, will step down immediately due to …
Women are captured in a delightful photograph, holding ice cream as they bask in the scorching heat at the Trevi Fountain in Rome, Italy. This image serves as a reminder that Europe is in the midst of a sweltering heat wave that has prompted a surge in bookings for international travel. As a result, airlines, …
Fisker commenced deliveries of its battery-electric Ocean SUV in Q2 2023. Despite facing challenges with suppliers and experiencing difficulties in achieving full production of the electric vehicle during this period, the startup reported a narrower-than-expected loss for the second quarter. On Friday, Fisker’s shares dropped approximately 6%. During Q2, Fisker manufactured only 1,022 Ocean SUVs, …
Passenger rail in the United States has long been dominated by Amtrak, which often suffers from high ticket prices and delays. However, one innovative Florida-based company is striving to change the game. Brightline, owned by Fortress Investment Group, believes that privatized passenger rail could offer a superior alternative. In 2018, Brightline successfully launched the first …
A shipping container branded A.P. Moller-Maersk being loaded onto a freight ship by a crane. Photo by Balint Porneczi | Bloomberg | Getty Images Maersk, the Danish shipping giant, reported a significant decline in second-quarter earnings due to falling container rates. However, the company still exceeded market expectations and raised its full-year guidance. As a …
A breathtaking view of an EVgo EV charging station in the beautiful town of Corte Madera, California. Justin Sullivan | Getty Images EVgo, the leading EV charging network operator, has announced its impressive second-quarter results, surpassing Wall Street’s expectations. The company reported robust revenue growth and a narrower loss than anticipated. This outstanding performance can …
An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023. Qilai Shen | Bloomberg | Getty Images Xpeng shares experienced a decline of approximately 5% on Wednesday following the announcement that the company’s head of autonomous driving would be departing at a critical juncture for the …