CUPERTINO, Calif., March 14, 2022–(BUSINESS WIRE)–Today Congressman Ro Khanna (CA-17), a leading technology advocate in the U.S. House of Representatives, toured the headquarters of Plus, a global autonomous trucking technology company in the 17th Congressional District which was recently named to Fast Company’s list of the World’s Most Innovative Companies for 2022.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220314005751/en/
Congressman Ro Khanna Tours Headquarters of Plus (Photo: Business Wire)
David Liu, CEO and Co-Founder of Plus, said: "We are honored to host Representative Ro Khanna at Plus and proud to have such a passionate ambassador for technology representing our district and the larger tech community in Washington, DC. We share Rep. Khanna’s drive to ensure that technology innovations positively impact the communities not just of tech centers but also the heartland of America and areas that have traditionally been left out. With our driver-in product, PlusDrive, a truck driver’s job is instantly elevated to a role similar to an airplane pilot. This makes their jobs safer, easier, and less stressful, which will help retain drivers and recruit new drivers interested in the ease-of-use of this advanced technology."
During the tour, Rep. Khanna took his first ride in a semi truck equipped with PlusDrive, which was operated autonomously on the highway, supervised by Plus’s safety driver, on I-280 through the heart of the District. Rep. Khanna learned about Plus’s innovative approach to safety and Level 4 autonomy. The company’s PlusDrive product, already being operated by the world’s largest fleets and truck manufacturers, allows drivers and fleets to benefit from the improved safety, fuel efficiency, and sustainability of autonomous trucking technology today. The group also discussed the current patchwork of regulations and the need for clear and consistent federal policies to facilitate the safe deployment of autonomous trucks.
"I am excited to see firsthand how trucking technology will make our roads safer and the supply chain more efficient, but just as important, help modernize and create digital jobs for the trucking industry and communities across the U.S.," said Congressman Ro Khanna. "From safety drivers to technicians and others who will operate, supervise, or service trucks, this innovative technology being developed right here in our District will create new jobs and business opportunities for our country."
ABOUT THE OFFICE OF CONGRESSMAN RO KHANNA
Congressman Khanna represents the 17th District of California, which covers communities in Silicon Valley. Visit his website at Khanna.house.gov. Follow him on Facebook and Twitter @RepRoKhanna.
ABOUT PLUS
Plus is a global leader in autonomous driving technology for long-haul trucking, headquartered in Silicon Valley. Plus is developing high-performance full-stack Level 4 autonomous driving technology to enable driverless trucks. Plus’s first commercial product, PlusDrive, is a driver-in solution that supports drivers to make long-haul trucking safer, more efficient, more comfortable, and more sustainable. PlusDrive is already being delivered to world-class fleets and truck manufacturers. For more information, please visit www.plus.ai or follow us on LinkedIn or YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005751/en/
Contacts
Media Contact
PLUS
Lauren Kwan
pr@plus.ai
Warehouse club Costco may not be as flashy as Amazon and Walmart, but it's making big progress doing something that consumers really want.
It is an understatement to say that Rivian is going through a tough period. The young electric-vehicle manufacturer has just poured cold water on investors' hopes by announcing a pessimistic outlook for 2022. On the contrary, Rivian said it could produce as many as 50,000 vehicles at its site in Normal, Ill,, but would manufacture only half that number.
Apple could sees it sales clipped as China has moved to stem a new COVID-19 outbreak.
Berkshire Hathaway compensation levels for CEO Warren Buffett and board members remain at levels of decades past. Top executives are paid entirely in cash. There is no stock-based compensation.
CVS Health CEO Karen Lynch has announced plans to create a company Office of Workplace Assistance after revealing on Friday that a regional manager, as well as other employees who didn’t take sexual harassment allegations against him seriously enough, had been fired. The new function will help employees confidentially raise concerns about workplace behavior, Lynch told 450 senior leaders on a call. The 2021 incident that led to the firings involved two female employees in a New Jersey CVS store who said that the regional manager, who was in charge of hundreds of stores, had harassed or inappropriately touched them at work, The Wall Street Journal reported.
Russia is the world's largest wheat exporter with Egypt and Turkey among the main buyers. It competes mainly with the European Union and Ukraine. Prime Minister Mikhail Mishustin on Monday signed an order banning the export of white and raw sugar until Aug. 31, and banning wheat, rye, barley and maize exports to neighbouring Eurasian Economic Union states until June 30.
Oil prices were under pressure on Tuesday, dropping to levels not seen since before the Russian invasion of Ukraine.
Shares of Peabody Energy (NYSE: BTU) had plunged by 16.2% as of 1:04 p.m. Monday, though there was no fresh news relating specifically to the coal giant. Prior to the pullback, its shares had more than doubled this year, with much of that growth coming after Russia invaded Ukraine. Russia is the world's third-largest coal exporter.
A decade after Mazda Motor's cars disappeared from Ford Motor's factory floors in Michigan, the Japanese automaker is once again building in the United States – this time with compatriot Toyota Motor. When the first Mazda CX-50 crossovers rolled off the assembly line at the joint Alabama plant in January, they were packed with efficiencies hammered out by the two automakers, both known for their cost-cutting smarts and manufacturing prowess. For Mazda, restarting local production with help from Toyota's deep local knowledge and reputation for reliability is the game-changer it hopes will jump-start sales in the world's second-biggest market.
In January, 2.8% of retired workers made the decision to return to work, marking the highest percentage to date during the pandemic.
Northvolt said on Tuesday it planned to build a lithium-ion battery plant with an annual capacity of 60 gigawatt hours (GWh) in Heide in northern Germany. Northvolt, whose biggest owner is Volkswagen AG, said it had signed a memorandum of understanding with Schleswig-Holstein state and the Heide region for the development of the factory, and that it expected it to produce its first batteries in late 2025. Northvolt's first factory, in the northern Swedish town of Skelleftea, assembled its first battery cell in December.
The plunge in United Company Rusal, the only Russian company listed in Hong Kong, has erased US$6 billion of value from the world's largest aluminium producer outside China while the Ukraine conflict clouds its operations. Since Russia invaded its neighbouring country on February 24, the stock has tumbled 42 per cent while trading on the Moscow Exchange was halted. Yet, the miner said it remains untouched by a barrage of Western sanctions on Russian entities, individuals and its key exports like
The pullback in gas prices may only be temporary.
NEW YORK (Reuters) -Oil prices fell more than 5% on Monday to the lowest in nearly two weeks amid hopes for progress toward a diplomatic end to Russia's invasion of Ukraine – a development that would boost global supplies – while a pandemic-linked travel ban in China cast doubt on demand. Brent futures fell $5.77, or 5.1%, to settle at $106.90 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $6.32, or 5.8%, to settle at $103.01. Both benchmarks have surged since Russia's Feb. 24 invasion of Ukraine and are up roughly 36% so far this year.
Surging inflation is disrupting everything from carpools to the ability to quote prices on new business at already-strained U.S. factories. At BCI Solutions Inc., a metal foundry in Bremen, Indiana, 14 workers quit in the last two weeks – over 7% of its total workforce and an unprecedented number compared with pre-pandemic times. Company chief executive officer J.B. Brown blames at least part of the sudden loss of workers on the spike in gasoline prices in the wake of Russia's invasion of Ukraine, which has roiled global energy markets and sent prices at the pump through the roof.
One of the largest logistics companies in the world is putting a new facility in Wilson. FedEx Corp. (NYSE: FDX) will open a 259,000-square-foot distribution facility in Wilson this fall, said a company spokesperson. "The site was chosen because of its ease of access to major highways, proximity to customers' distribution centers and a strong local community workforce for recruiting employees," said the FedEx spokesperson.
(Bloomberg) — Canada’s slumbering oil industry is beginning to stir.Most Read from BloombergElon Musk Challenges Vladimir Putin to ‘Single Combat’ for UkraineUkraine Update: U.S. Warns China Over Support for Russia’s WarPregnant Woman Pictured Being Evacuated From Bombed Maternity Ward Has DiedPanic Selling Grips Chinese Stocks in Biggest Plunge Since 2008Ukraine Update: New Round of Talks; U.S-China Officials to MeetFor years, the country’s drillers, like those in the shale fields of West Texa
Elevated oil prices could mean higher prices on products derived from oil — everything from tires, to roofing shingles, to plastic containers.
Crewe, England-based Bentley posted a profit of 389 million euros ($427.1 million) for 2021, compared with a profit of 20 million euros in the previous year, after deliveries jumped 31% to 14,659 cars on strong demand for new hybrid models. Carmakers globally are doubling down on efforts to shift to electric models as calls for more environment-friendly machines grow. Bentley parent Volkswagen – Europe's biggest carmaker – is ramping up investments in power infrastructure to take on Tesla.
As the Biden Administration recently banned all Russian imports of gas, oil, and energy, gas prices could continue to rise here in the states. Even though Russian oil accounts for only 3% of U.S….

source

Leave a Reply

Your email address will not be published.