Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata airbag inflators, court documents filed in a federal court in Miami on Monday show. The settlement covers several forms of economic damages linked to the inflators, including
Author: Tola Ojobo
U.S. ports expect record imports in July
The Port of Long Beach “Imports from China and elsewhere are expected to continue to grow for the foreseeable future,” says National Retail Federation. Major container ports across the United States are expected to set a new import record in July, fueled by increasing consumer demand and rising retail sales, according to
Truck drivers’ strike causes congestion at Lagos ports
Tanker trucks on Apapa port roads Lagos (Punch) - The feud between truck drivers and officials of the Nigerian Navy and the Nigerian Ports Authority is causing serious congestion at the ports, with thousands of containers unable to exit the terminals. The truck drivers, who had earlier threatened a strike over what
$823.5m Abuja Light Rail Ready For Commissioning On Thursday
Abuja Light Rail Mass Transit is expected to come on this week. Abuja - The recently-completed first phase of the Abuja light rail project is expected to be commissioned on Thursday, July 12, 2018 by Nigeria's president, Muhammadu Buhari. The president is also expected to flag-off the commencement of railway services operations in
Uber invests in Lime city scooter hire company
Lime scooters are available in lots of cities, including Paris. Ride-hailing business Uber has announced a deal with scooter hire company Lime. Lime lets people hire scooters, electric bikes and pedal cycles in 46 cities. The deal means Uber users will be able to rent Lime's scooters via the car-sharing company's app. News about
Bin lorry sinks into tarmac as UK swelters in heatwave
U.S. rail volumes up 3.7 percent in first half of 2018
Kansas City Southern Locomotive. Taken on the KCS line in Pittsburg, KS AAR senior VP: “For now, things are looking good for the railroads and the economy despite the many threats, such as a potential trade war, that could bring change quickly.” Total combined U.S. freight railroad traffic in June grew 4.2
Lyft gets into bike-share business, acquiring operator of Capital Bikeshare and Citi Bike
Lyft has acquired Motivate, the operator of Capital Bikeshare, the company announced Monday. (Astrid Riecken for The Washington Post) Lyft is getting into the bikeshare business, announcing Monday it has acquired the nation’s largest bikeshare operator, Motivate. The ride-hailing company acquired Motivate, the operator of Capital Bikeshare and New York’s Citi Bike,
New York City drivers for Uber, other apps to get vision care coverage
GM warns U.S. import tariffs could lead to ‘smaller’ company, fewer jobs
General Motors Co warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to “a smaller GM” with fewer jobs while isolating U.S. businesses from the global market. The Trump administration in May launched an investigation into whether imported vehicles posed a national