91��Ƶ

The San Jose, Calif.-based company could seek $300 million to $400 million, a source told Bloomberg. A listing in the U.S. could take place as soon as the end of this year or early 2027.

House Transportation Committee Chairman Sam Graves on Jan. 14 told colleagues he expects to schedule consideration of the bipartisan highway bill in a couple of months.

The voyage marks another step toward normalization of global supply lines, after Yemen-based Houthis in 2023 began attacking vessels, forcing shipowners to sail south of Africa.

“We built our entire vehicle business as an industry between Canada, Mexico and the U.S.,” Ford CEO Jim Farley said Jan. 15 in a Bloomberg TV interview. “We have to get this revised.”

The supertanker Marbella, whose location was a mystery for more than a year, turned on its transponder this past weekend to reveal it was sitting off the coast of Venezuela.

The Veronica is the fourth tanker seized since the U.S. ouster of Venezuela President Nicolás Maduro in a surprise nighttime raid almost two weeks ago.

The global oil industry is working through the consequences of Washington’s move. For shipowners, that means higher rates on some routes as current and future oil flows are redirected.

Katie Farmer, BNSF’s CEO, said the industry should question whether it’s an “accurate premise” that Union Pacific’s proposed takeover of Norfolk Southern will lead eventually to growth in shipping volume.

The bill would favor a market-based approach by setting up the independent body charged with building a stockpile of critical minerals, stabilizing prices and encouraging production.

Under an order Trump signed on Jan. 14, the government would collect the duty on the chips as they’re brought to the U.S. before final shipment to Chinese customers and other foreign markets.