Union Pacific has delayed their rail merger filing for its proposed combination with Norfolk Southern until mid-December. The 4,000-page application faces significant opposition from other Class I railroads and shippers concerned about the effects of consolidation.
In automotive news, Michigan-based Bollinger Motors shuts down amid financial woes after missing payroll for at least two periods. The EV truck maker has ceased operations, leaving the future of its parent company, Bollinger Innovations, uncertain as it executes a cost-reduction plan.
Finally, Amazon tests 30-minute delivery in two US cities using urban micro-fulfillment centers to speed up orders for groceries and household essentials. This pilot program in Seattle and Philadelphia employs Amazon Flex workers to deliver goods rapidly, with fees varying based on Prime membership status.
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