Headlines 

Stricken Iranian Oil Tanker Sinks in East China Sea After Blast

The Iranian oil tanker Sanchi sank into the East China Sea on Sunday afternoon after a blast, causing a "serious" oil spill that covered 10 square kilometers (3.9 square miles), state television reported, citing China’s State Oceanic Administration. The oil from the tanker was still burning, China Central Television reported Sunday. A State Oceanic Administration official reached by phone said the administration is collecting data from the spill area, and the administration said on its website that the spill will have an impact on the environment. All 32 crew members…

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Headlines 

GM Shows Off New Silverado in Bid to Narrow Ford’s Pickup Lead

It’s going to be the year of the truck in the U.S., and General Motors Co. wants to steal back some market share. GM kicked off the Detroit auto show by revealing an all-new Chevrolet Silverado pickup, the first completely redesigned truck for the automaker since the 2007 model year. The pickup with have eight different trim levels, two new V-8 engines and shed as much as 450 pounds from the current model to save fuel. The redesign — a bigger overhaul than the 2014 refresh of the Silverado —…

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Headlines 

How Crazy Is Elon Musks Hypersonic Space Rocket Airline?

For whatever reason, some of the world’s smartest and most eccentric people tend to be drawn toward airlines. Elon Musk is the latest, but with a twist—rockets. Tacked onto a detailed explanation Friday of how SpaceX intends to land cargo on Mars five years from now—a farcical schedule that Musk conceded was “aspirational”—the space, car, solar, and battery entrepreneur segued into an audacious proposal to harness the speed of space-travel for faster earthly flights. In essence, Musk wants to fly you even when you’re going merely to London, not Mars. Flying at a…

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Headlines 

Mountains of Aid Are Languishing on the Docks in Puerto Rico

Thousands of cargo containers bearing millions of emergency meals and other relief supplies have been piling up on San Juan’s docks since Saturday. The mountains of materiel may not reach storm survivors for days. Distributors for big-box companies and smaller retailers are unloading 4,000 20-foot containers full of necessities like food, water and soap this week at a dock in Puerto Rico’s capital operated by waiver of the Jones Act on Thursday, the facilities have become choke points in the effort to aid survivors of Hurricane Maria. Photographer: Alex Wroblewski/Bloomberg “There are…

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Odds and Ends 

Cargo wants to put a vending machine in every Uber

How many times have you been in an Uber or Lyft and wanted a few Advil, or a 5-hour Energy? While some enterprising ridesharing drivers occasionally try to sell essentials (or non-essentials like tablets and digital cameras), there really isnt a structured way to facilitate this until now. Enter Cargo, a startup that wants to turn drivers vehicles into little mobile shops. The startup has raised $1.75 million in seed funding from Techstars, Detroit Venture Partners, Fontinalis Partners and Rosecliff Ventures. Heres how it works: After drivers sign up for…

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