Trucking

Kansas City Southern Receives Revised Proposal from Canadian National Railway That Board of Directors Determines is a "Company Superior Proposal"

Thursday, May 13, 2021 - 11:22pm

b"Kansas City Southern (NYSE: KSU) (\xe2\x80\x9cKCS\xe2\x80\x9d) today announced receipt of a revised acquisition proposal from Canadian National Railway Company (TSX: CNR, NYSE: CNI) (\xe2\x80\x9cCN\xe2\x80\x9d).

Key Points: 
  • b"Kansas City Southern (NYSE: KSU) (\xe2\x80\x9cKCS\xe2\x80\x9d) today announced receipt of a revised acquisition proposal from Canadian National Railway Company (TSX: CNR, NYSE: CNI) (\xe2\x80\x9cCN\xe2\x80\x9d).
  • Under the terms of CN\xe2\x80\x99s revised proposal, each share of KCS common stock would be exchanged for $200 in cash and 1.129 shares of CN common stock.
  • The proposal is binding on CN and may be accepted by KCS at any time prior to 5:00 pm EDT on Friday, May 21, 2021.
  • Wachtell, Lipton, Rosen & Katz, Baker & Miller PLLC, Davies Ward Phillips & Vineberg LLP, WilmerHale, and White & Case, S.C. are serving as legal counsel to Kansas City Southern.\nHeadquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama.

ChargePoint to Announce First Quarter Financial Results on June 3, 2021

Thursday, May 13, 2021 - 10:09pm

b'ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle (\xe2\x80\x9cEV\xe2\x80\x9d) charging network, today announced it will release financial results for the first quarter ended April 30, 2021, after market close on Thursday, June 3, 2021.

Key Points: 
  • b'ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle (\xe2\x80\x9cEV\xe2\x80\x9d) charging network, today announced it will release financial results for the first quarter ended April 30, 2021, after market close on Thursday, June 3, 2021.
  • Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe.
  • To date, more than 90 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds.
  • For more information, visit the ChargePoint pressroom , the ChargePoint Investor Relations site, or contact ChargePoint\xe2\x80\x99s North American or European press offices or the Investor Relations team.\n'

Houston Needs More Than a Week for Infrastructure

Thursday, May 13, 2021 - 9:53pm

b'Each May, we celebrate National Infrastructure Week to advocate for better roads, bridges, rail, waterways, water supply, flood control, aviation, and of course, our Port.

Key Points: 
  • b'Each May, we celebrate National Infrastructure Week to advocate for better roads, bridges, rail, waterways, water supply, flood control, aviation, and of course, our Port.
  • Infrastructure needs more than a week of focus, however.
  • Partnering with the Army Corps of Engineers, a new path is being struck for widening and deepening the Houston Ship Channel.
  • And while we make investments in the local share of the ship channel, we are fortunate to receive INFRA and Port Infrastructure grants to augment the cash needs.

Waste Management Announces First-of-its-Kind ‘Your Tomorrow’ Program Providing No-Cost Education to Employees, with Planned Extension to Dependents Later This Year, to Upskill Workforce and Advance Position in Competitive Job Market

Thursday, May 13, 2021 - 9:39pm

The company is rolling out a range of new employee benefits from flexible work schedules, sign-on bonuses and a new education and upskilling benefit program, Your Tomorrow, in collaboration with Guild Education .

Key Points: 
  • The company is rolling out a range of new employee benefits from flexible work schedules, sign-on bonuses and a new education and upskilling benefit program, Your Tomorrow, in collaboration with Guild Education .
  • Interview spots can be reserved in advance at https://careers.wm.com/wmevents , and walk-ins will be accepted.
  • To learn more information about Waste Management, visit www.wm.com .\nDenver-based Guild Education is on a mission to unlock opportunity for America\'s workforce through education and upskilling.
  • Guild\'s payments and technology platform, curated learning marketplace, and advanced education and career coaching come together to help working adult learners advance in their education and career, debt-free.

Vontier to Present at the Wolfe Research Global Transportation and Industrials Conference

Thursday, May 13, 2021 - 9:30pm

b'Vontier Corporation (\xe2\x80\x9cVontier\xe2\x80\x9d) (NYSE: VNT) today announced that President and Chief Executive Officer, Mark Morelli, and Senior Vice President and Chief Financial Officer, David Naemura, will be presenting at the Wolfe Research Global Transportation and Industrials Conference on Tuesday, May 25, 2021 at 4:30 p.m.

Key Points: 
  • b'Vontier Corporation (\xe2\x80\x9cVontier\xe2\x80\x9d) (NYSE: VNT) today announced that President and Chief Executive Officer, Mark Morelli, and Senior Vice President and Chief Financial Officer, David Naemura, will be presenting at the Wolfe Research Global Transportation and Industrials Conference on Tuesday, May 25, 2021 at 4:30 p.m.
  • The audio will be simultaneously webcast and will be archived on www.vontier.com .\nVontier is a global industrial technology company focused on transportation and mobility solutions.
  • The company\xe2\x80\x99s portfolio of trusted brands includes market-leading expertise in mobility technologies, retail and commercial fueling, fleet management, telematics, vehicle diagnostics and repair, and smart cities end-markets.
  • Vontier is mobilizing the future to create a better world.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005886/en/\n'

BYD Buses, Trucks Eligible for $165 Million in HVIP Money

Thursday, May 13, 2021 - 4:47pm

b'BYD announced Tuesday that buyers of its line of American-made battery-electric transit buses, motor coaches, and heavy-duty trucks are eligible for $165 million in funds through the California Air Resources Board (CARB) Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).\nThis press release features multimedia.

Key Points: 
  • b'BYD announced Tuesday that buyers of its line of American-made battery-electric transit buses, motor coaches, and heavy-duty trucks are eligible for $165 million in funds through the California Air Resources Board (CARB) Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210513005769/en/\nHVIP will open to new voucher requests at 10 a.m. on Tuesday, June 8.
  • A total of approximately $165 million will be available; however, only half of the funds will be released to the public when the program opens.
  • We only select suppliers who share our commitment to just labor practices, human rights standards and the environment.\nFor more information, please visit https://en.byd.com/ or follow BYD on LinkedIn, Twitter, Facebook and YouTube.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005769/en/\n'

Leading CEO’s Ask Newsom to Dedicate $500 Million in Hydrogen Infrastructure Funds as Part of Zero Emission Vehicle Plan

Thursday, May 13, 2021 - 2:02pm

b'In a letter to Governor Gavin Newsom, executives of 25 multi-national companies today called for major new investments in hydrogen infrastructure in the Golden State.\n\xe2\x80\x9cAt this still early stage in market development, the signal California sends on hydrogen will impact private investment decisions.

Key Points: 
  • b'In a letter to Governor Gavin Newsom, executives of 25 multi-national companies today called for major new investments in hydrogen infrastructure in the Golden State.\n\xe2\x80\x9cAt this still early stage in market development, the signal California sends on hydrogen will impact private investment decisions.
  • We look forward to partnering with you and your Administration on its development and look forward to working together to achieve our shared goals,\xe2\x80\x9d they wrote.\nSpecifically, the companies called on Governor Newsom to boost funding in the state\xe2\x80\x99s Clean Transportation Program reauthorization.
  • That figure represents just 7 percent of total zero emission infrastructure spending, according to the California Hydrogen Coalition.\nTo become mainstream, the hydrogen economy cannot be based on subsidies, note the executives, and sustainable markets must be created.
  • By 2050, hydrogen could enable a market of $750 billion per year with 3.4 million new jobs.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005352/en/\n'

Flux Power Announces Record Quarterly Revenue of $7.0M for Third Quarter of FY 2021; Increase of 38% YOY

Thursday, May 13, 2021 - 1:08pm

The airport ground support equipment business is experiencing a resurgence following the COVID-19 impact.\nWe believe Flux Power is in a strong place to continue expansion to meet the demand for lithium-ion battery packs.

Key Points: 
  • The airport ground support equipment business is experiencing a resurgence following the COVID-19 impact.\nWe believe Flux Power is in a strong place to continue expansion to meet the demand for lithium-ion battery packs.
  • Investors and analysts interested in joining the call are invited to dial (833) 428-8374 or (270) 240-0543.
  • Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc.
  • Actual results could differ from those projected due to numerous factors and uncertainties.

FedEx Announces the FedEx E-Commerce Learning Lab in Collaboration with Accion Opportunity Fund

Thursday, May 13, 2021 - 2:00pm

b"FedEx today announced the launch of the FedEx E-Commerce Learning Lab, a new program developed in collaboration with Accion Opportunity Fund (AOF), a leading nonprofit organization providing small business owners with access to capital, networks, and coaching.

Key Points: 
  • b"FedEx today announced the launch of the FedEx E-Commerce Learning Lab, a new program developed in collaboration with Accion Opportunity Fund (AOF), a leading nonprofit organization providing small business owners with access to capital, networks, and coaching.
  • Participants will also receive a $2,000 business grant to launch and grow their e-commerce business.
  • As a result of more consumers shopping online during the pandemic, eMarketer reports that e-commerce volumes grew by 33 percent in 2020 .
  • FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.