Transport Topics
Uber-Grubhub Deal Hinges on Breakup Fee, Sources Say
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Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
European Auto Industry Buckling Up for at Least 35,000 Job Cuts
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The extent of the devastation wrought on the European car industry by the coronavirus pandemic came into sharp focus May 29 when a sampling of major vehicle and parts manufacturers from France to Sweden revealed plans for at least 35,000 job cuts.
Saudi Oil Flood to China Persists Despite Historic Cuts
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An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.
Senate Chairman Roger Wicker Unveils Rural Transportation Bill
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Senator Roger Wicker introduced a bill that would set up a program to assist rural communities that want to take advantage of DOT financing tools for infrastructure projects.
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