Workhorse Group has developed an eight-rotor “octocopter” called HorseFly designed to be used in tandem with its electric package delivery trucks, some of which are in service with companies like FedEx and UPS.
The ocean carrier reported a net loss of 7.21 billion yuan renminbi in the first six months of the year compared with a 1.97 billion yuan renminbi profit in the same 2015 period amid its merger with fellow state-run line China Shipping.
U.S. industrial conglomerate Honeywell completed a $1.5 billion purchase of Intelligrated, an information technology specialist in supply chain and warehouse automation.
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The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.
Industry groups have railed against the Federal Railroad Administration’s recent attempts to mandate two-person crews on all freight trains, but unions continue to argue that operating trains with a single crew person is fundamentally unsafe.
Meanwhile, the A.P. Møller - Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the second quarter of 2015.