Business

“Securing these two sites in California is a significant step forward in our mission to support the electrification of commercial fleets,” said Sylvia Hendron.

A growing number of companies are bringing automation to agriculture. It could ease the sector’s labor shortage, help farmers manage costs and protect workers from extreme heat. 

Autonomous electric yard tractor software developer Outrider raised $62 million in an oversubscribed Series D financing round, it said Oct. 24.

The union representing dockworkers in East Coast ports is set to return to the bargaining table next month, part of an arrangement reached after a three-day strike was suspended Oct. 3.

The venture aims to develop a centralized operating system that could accelerate industry innovation by separating software from hardware development cycles.

Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter.

Universal Logistics Holdings inched up third-quarter revenue and earnings despite weak market conditions, the company reported Oct. 24.

Volkswagen AG plans to close at least three factories in Germany as Europe’s biggest automaker tries to slash expenses to become more competitive.

Volkswagen’s truck manufacturing brand Scania plans to equip all its future electric trucks with Northvolt batteries, in a vote of confidence for the cash-strapped Swedish battery maker.

LTL freight shipping has become increasingly important in modern logistics and supply chains due to its cost-effectiveness and flexibility.