Unwinding the powertrain business at Hyliion Holdings was uncomfortable, especially for 175 employees who lost their jobs in November. But the leaned-out startup is making some progress in its pivot to energy distribution through a fuel-agnostic power generator. Whether the plan is sufficient to generate revenue and perhaps attract a buyer for the once high-flying…
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FedEx would benefit from the partial, or complete, loss of its huge contract with the U.S. Postal Service because it would force the parcel delivery giant to downsize a bloated and expensive air transport network, which could help revive profitability, said Brandon Oglenski, who covers the company for Barclays Bank. FedEx Express (NYSE: FDX) and…
The Port of Savannah kicked off 2024 with a modest gain in container shipments, moving 428,000 twenty-foot equivalent units in January, a 1.5% year-over-year (y/y) increase from the same month last year. The port ended calendar-year 2023 with a total of 4.9 million TEUs, a decrease of 16% compared to 2022. Higher inflation rates and…
Kimberly Fisk has been in the factoring business long enough to remember when factoring was known as the F-word. But the growth that Fisk, recently installed chief operating officer at Triumph Financial Services LLC, has seen in her more than 11 years at Triumph is enormous. Triumph now purchases about 600,000 invoices per month for…