News

The massive 355-ship proposal could provide a huge boost to shipyards that have struggled because budget caps that have limited funding for warships BATH, Maine—With President-elect Donald Trump demanding more ships, the Navy is proposing the biggest shipbuilding boom since the end of the Cold War to meet threats from a resurgent Russia and saber-rattling… Read More about “U.S. Navy proposes biggest shipbuilding effort since the Cold War”

Electric car maker falls short of 80,000-vehicle annual target, despite posting 64 per cent increase in production PALO ALTO, Calif.—With the Model 3 launch looming on the horizon, Telsa Motors Inc. has again missed its own delivery forecast. The electric vehicle maker shipped 22,200 vehicles in the fourth quarter of 2016, bringing its total to… Read More about “Tesla misses delivery forecast again, blames short-term production challenges”

With pressure mounting on manufacturers to keep jobs in U.S., automaker backtracks, announces $700 million investment in Michigan assembly plant, creating 700 jobs FLAT ROCK, Mich.—Ford Motor Co. has cancelled a US$1.6 billion small car manufacturing plant planned for San Luis Potosi, Mexico. The automaker said it will redirect close to half of the funds… Read More about “Ford cancels $1.6B small car plant planned for Mexico, redirects investment to U.S.”

  BlackBerry, once a leader in smartphone handset development, recently abandoned the hardware business to focus on software WATERLOO, Ont.—BlackBerry revealed its latest security offering on intended to help companies reliably manage their current and future connectivity needs. The company’s new platform, BlackBerry Secure, is designed to help businesses keep tabs on all their devices… Read More about “BlackBerry unveils newest business security suite”

WASHINGTON – The National Retail Federation and a coalition representing retailers, manufacturers, truckers, transportation intermediaries and other business groups today asked the Federal Maritime Commission to set new policy preventing terminal operators and ocean carriers from charging unfair fees when uncontrollable incidents such as storms and strikes keep cargo from being picked up from ports… Read More about “Businesses Ask FMC to Address Fees Charged When Port Disruptions Delay Pickup of Cargo Containers”

On December 6, CP advised that high winds and blowing snow had created periods of whiteout conditions from Southern Manitoba to Enderlin, N.D. that could cause minor delays. The weather was expected to improve into today.

Capping $1 billion investment in assembly plant, new Pacifica Hybrid gets 84 miles per gallon, can travel up to 53 kilometres solely on electric power Chrysler began producing the Pacifica hybrid last week. The minivan rates at the equivalent of 84 miles per gallon. PHOTO: FCA WINDSOR, Ont.—The auto industry’s first hybrid minivan has begun… Read More about “Chrysler plant in Windsor, Ont. begins production of first-ever hybrid minivan”

Century-old steel maker returns to roots as negotiations to finalize Bedrock acquisition, lift company out of creditor protection continue HAMILTON, Ont.—Steelworkers in southern Ontario have hoisted a pair of Stelco flags over the Hamilton and Nanticoke, Ont. steelworks, putting a symbolic end to a tumultuous 10 years under the U.S. Steel Canada banner. Last month,… Read More about “Return of Stelco: Hamilton, Nanticoke, Ont. plants cast off U.S. Steel label”

DDC and Staples will collaborate to explore the feasibility of developing, implementing, and commercializing a drone delivery logistics platform TORONTO, Ontario—Drone Delivery Canada is working with Staples to collaborate and explore the feasibility of developing, implementing and commercializing a drone delivery logistics platform for Staples’ commercial requirements nationwide in Canada. “This agreement with Staples is… Read More about “Drone Delivery Canada and Staples team up”

By Alastair Sharp TORONTO (Reuters) – Many of the uncertainties surrounding the economic outlook that the Bank of Canada faced at its last policy decision still remain, though the central bank has two major data reports yet to consider this week, Governor Stephen Poloz said on Monday. In October, the bank held rates steady but… Read More about “• Bank of Canada Says Many Uncertainties to Outlook Remain”