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Less than three months after my generally upbeat visit to Workhorse Group’s refurbished plant near the Ohio-Indiana border, the electric truck maker’s situation appears dire. Layoffs and furloughs Workhorse has laid off 20% of its workforce. Much of the rest is on unpaid furlough and could be called back to work.  The company is choked…

Insurtech company Cover Whale announced it has closed on $27.5 million in debt and equity funding managed by Morgan Stanley Expansion Capital to continue growing its platform and solutions. As a part of this fundraising event, previous debt investors agreed to convert their owed shares to Series A preferred shares. The company has raised $43…

Atlas Air will stop flying freighter aircraft in Amazon’s domestic parcel network by the middle of next year and concentrate on international widebody service for its growing customer base, which will soon include Chinese e-commerce giants Shein and Temu, CEO Michael Steen said in an interview. Both parties have agreed to terminate contracts under which…

BROOKLYN, New York — In a room full of the next generation of mobility entrepreneurs and financial backers of their wide-ranging projects, Geoff Douglass’ pitch was for using autonomous vessels to modernize port navigation and streamline the marine shipping supply chain. What might best be described as “pilot day” at Newlab at the Brooklyn Navy…