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New Airline Avelo Thinks It's the Perfect Time to Start Flying as Travel Picks Up
Avelo is a low-cost carrier that will start flying in late April to 11 markets in the Western U.S. — where there is little, if any, direct competition.
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AB InBev, Werner Enterprises to Test Embark Driverless Truck Technology
AB InBev, Werner Enterprises to test Embark driverless truck technology
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Uber Announces $250 Million Stimulus to Bring Back Drivers
The company said that the incentives will help welcome back existing drivers and “ensure first-time drivers do well as they learn the ropes.”
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UPS Agrees to Buy Electric Vertical Aircraft to Speed Up Package Delivery in Small Markets
United Parcel Service is taking delivery to new heights, literally, with the purchase of 10 electric vertical takeoff and landing aircraft.
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How Mercedes-Benz Became So Prestigious, and Why It Is Challenged by a New Era
Mercedes-Benz was there at the dawn of the automotive industry and has long been a leader. But some say it has been slow to adapt to a new electric era.
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A Roth Capital Analyst Says Tesla's Stock Is Worth $150 — Which Would Be a 78% Discount
Craig Irwin of Roth Capital said he’s bullish on sales of electric vehicles, but the possibility of Tesla beating estimates is “clearly already in valuation.”
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Qatar Airways CEO Says Covid Vaccines Likely to Be Required for Travel: ‘This Will Be the Trend'
When asked whether coronavirus vaccinations will be necessary in order to fly, the CEO said: “I think this will be the trend initially.”
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Federal Stimulus Money Could Improve Dozens of North Texas Roads
North Texas transportation planners and contractors are gearing up for a big windfall from the infrastructure stimulus spending President Biden unveiled Wednesday.
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Federal Stimulus Money Could Improve Dozens of North Texas Roads
North Texas transportation planners and contractors are gearing up for a big windfall from the infrastructure stimulus spending President Biden unveiled Wednesday.
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GM CFO ‘Increasingly Confident' in Achieving 2021 Earnings Targets Despite Chip Shortage
GM expects the chip shortage to cut $1.5 billion to $2.5 billion from its free cash flow in 2021.
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Volkswagen's Name Change of U.S. Operations to ‘Voltswagen' Was April Fool's Marketing Prank
Volkswagen’s U.S. unit will not change its name even after the German automaker issued a statement on Tuesday saying it would.
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Head of Busiest U.S. Port Urges Companies to Pick Up Their Cargo More Quickly to Ease Covid Congestion
“We’re asking our importers to pick up the cargo as quickly as they can,” Port of Los Angeles Executive Director Gene Seroka told CNBC.
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Op-Ed: Suez Canal Shutdown Highlights Another Weak Link in Global Supply Chain
The massive Ever Given container ship, stuck in the Suez Canal, provides a vivid image for a world economy whose global supply chains were already disrupted.
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Vehicle Mileage Tax Could Be on the Table in Infrastructure Talks, Buttigieg Says
Pete Buttigieg, the Transportation secretary, said a mileage tax could be on the table in infrastructure talks.
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Dallas Subway Plan Wins Key City Hall Support
The proposed Dallas rail transit subway won unanimous support from the Dallas City Council Wednesday in a compromise resolution. It came after strong last minute opposition, years of planning and $20 million already spent by DART on design. DART officials said the resolution was crucial to win a necessary $800 million federal construction grant. DART must fund the remainder of…
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Dallas Subway Plan Wins Key City Hall Support
The Dallas City Council threw its support behind a downtown subway by a unanimous vote. It’s a crucial resolution that comes after last-minute opposition to years of planning and $20 million already spent by DART on design. NBC 5’s Ken Kalthoff reports there are strings attached to the deal.
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Jeep Unveils All-Electric Wrangler Concept SUV
The Wrangler “Magneto” is a concept vehicle, meaning it’s a custom product typically built by automakers to gauge customer interest or show a future direction.
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Lamborghini Reports Record Profits in 2020, CEO Teases Electric Future
Despite a mandatory factory shutdown during the pandemic, the “raging bull” of the auto world delivered 7,430 cars in 2020.
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Morgan Stanley Says Rising 10-Year Treasury Yields Is Reasonable as Confidence in U.S. Economy Grows
It is a reflection of the growing confidence in the U.S economic outlook, according to Jim Caron, global fixed-income portfolio manager at the investment bank.
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Buttigieg Says Biden Plan Will Usher in a New Transportation Era
Transportation Secretary Pete Buttigieg says an infrastructure plan expected soon from President Joe Biden will offer a “once in a century” opportunity to remake transportation in the United States, with cars and highways no longer king