The invasion of Ukraine has provided "tremendous potential" for bulk commodities such as grain and fertilizer in Europe and North America, officials with Oregon-based railcar manufacturer The Greenbrier Companies said during an earnings call for its second fiscal quarter, which ended on Feb. 28. "The tragedy in Ukraine and its...
Texas is now checking all commercial cars that enter the country from Mexico
Texas Gov. Greg Abbott announced on Wednesday that the state has established state-run checkpoints to halt and examine commercial vehicles arriving from Mexico in an effort to reduce illegal immigration. The inspections are in addition to those carried out by US Customs and Border Protection. They're looking for smugglers who...
Workhorse Group’s debt is paid off thanks to a stock transaction
Workhorse Group achieved a 180-degree swing from the debtor to debt-free status by paying a common stock premium to a hedge fund financing source preferred by previous management. The Loveland, Ohio-based developer of drone-integrated electric cars for last-mile delivery announced Wednesday that it has agreed to exchange senior secured convertible...