Walmart Scales Transportation Partnerships With Electric And Hydrogen Vehicle Manufacturers

Walmart Scales Transportation Partnerships With Electric And Hydrogen Vehicle Manufacturers

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Walmart (WMT) Inc announced on Wednesday that it is extending transportation pilots with electric, hydrogen, and natural gas vehicle manufacturers, including Cummins Inc (CMI) and Daimler Trucks’ Freightliner.

The collaborations, which come on top of previously announced transportation collaborations, are part of Walmart’s 2040 aim of zero-emissions across its worldwide operations.

Chevron Corp (CVX) and Walmart have agreed to supply compressed natural gas. In an effort to reduce emissions, an increasing number of companies have entered the commercial EV market.

Early next year, Walmart will acquire an undisclosed number of Cummins’ new natural gas engines, which the firm expects to install in its trucks. It also intends to put Texas-based Capacity’s hydrogen-fuel-cell-powered yard vehicles to the test.

Walmart also wants to conduct a battery-powered pilot at one of its California distribution sites, employing Freightliner’s Cascadia and Nikola Corp’s Tre BEV heavy-duty trucks.

Online lenders in Russia Tinkoff and e-commerce business Ozon are among a small group of enterprises seeking government authorization to participate in state auctions and take advantage of favorable tax rates.

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Companies having more than 50% Russian ownership are eligible to be listed on Russia’s domestic software register, which allows them to participate in government procurement processes and receive some tax incentives.

This restriction is a roadblock for a number of Russian enterprises that are leaders in the digital economy, do business only in Russia, and have drawn significant international investment as a result of their successful expansion. 

The fundamentals are still uncertain in terms of how long it will take for inflation to fall, but there will most likely be room for consolidation for the foreseeable being. Concerns that central bank tightening will impede the global economy weighed on markets on Wednesday, sending European equities lower and Wall Street futures lower.

As consumer spending remained resilient and businesses restored inventories, Japan’s GDP fell somewhat less than previously estimated in the first quarter. Oil prices climbed, aided by projections of low oil supplies in the United States. Germany’s industrial production rebounded but at a slower pace than anticipated.

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