Category: Business
Honda North America’s Civic Hybrid Production to be Split Between Ontario and Indiana Facilities
ALLISTON, ON, Canada – Honda is gearing up to reintroduce the Honda Civic Hybrid to the Canadian and U.S. markets, with the production slated to begin in 2024. The resurrected model will be manufactured on North American soil. The production of the 2025 Civic Hybrid will kick off in the spring of 2024 at Honda…
China Tour Spurs Investment Boom in Nuevo León: LGMG, Trina Solar, and Kawasaki Heavy Industries Set to Invest Billions
Samuel Garcia Sepulveda, the Governor of Nuevo León, has been on an official tour of China over the past several days, focusing on attracting investments to the Mexican border state of Nuevo León. Through his ‘X’ social media handle, Governor Garcia made a significant announcement regarding Lingong Machinery Group (LGMG), a prominent manufacturer of construction…
Convoy, One of The Recent Digital Freight Brokerage Ventures, Falters Amid Freight Industry Recession
Convoy, an early pioneer in the “Uber for Freight” sector, have fallen victim to the downturn in the freight industry and inability to find a potential buyer. The company abruptly announced closure of it core digital freight brokerage business leaving the shippers, carriers, and employees in a shock. Founded in Seattle in 2015, Convoy initially…
Unifor Sets Strike Deadline in Stellantis Negotiations for October 29
TORONTO – Unifor, Canada’s largest private sector union, is poised to kick off negotiations with Stellantis on October 18, 2023, and has established a strike deadline of October 29 at 11:59 p.m. The upcoming talks with Stellantis represent the final round in a series of negotiations with Detroit automakers, with a particular focus on securing…
J.B. Hunt Transport Services, Inc. Reports Q3 2023 Earnings Below Estimates
LOWELL, Ark. – J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) released its financial results for the third quarter of 2023 on October 17, revealing that the company’s earnings fell short of estimates. The transportation giant reported a decline in both revenues and earnings per share, reflecting ongoing challenges in the industry. In the third quarter…