Government, Business, Logistics, For-Hire

UPS to Become the Primary Air Cargo Provider for USPS

UPS will become the primary air cargo provider for the United States Postal Service after FedEx said it wasn’t able to reach an agreement on mutually beneficial terms to extend its contract.

Michelle Chapman | Associated Press
April 1, 2024
Business, Private

Home Depot Buys SRS Distribution in $18 Billion Deal

Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion.

Michelle Chapman | Associated Press
March 28, 2024

Exxon Profit Falls Compared With Record Numbers Last Year

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.

Michelle Chapman | Associated Press
October 27, 2023
Business, Fuel

Chevron Buys Hess for $53 Billion

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

Michelle Chapman | Associated Press
October 23, 2023
Government, Business, Technology, Safety, Autonomous

NHTSA to Investigate Cruise Over Pedestrian Incidents

NHTSA is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper caution around pedestrians.

Michelle Chapman | Associated Press
October 17, 2023
Business, Fuel

Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

Michelle Chapman | Associated Press
October 11, 2023
Business, Logistics, Private

Tyson Foods to Close Four Chicken Processing Plants

Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.

Michelle Chapman | Associated Press
August 7, 2023
Government, Business, Technology, Fuel

Lordstown Motors Files for Bankruptcy Protection

Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.

Michelle Chapman | Associated Press
June 27, 2023
Business, Technology

New York Tesla Workers Launch Campaign to Organize Union

NEW YORK — Tesla workers at a factory in New York are launching a campaign to organize a union.

Michelle Chapman | Associated Press
February 14, 2023
Business, Technology, Fuel

New GM Division to Make EV Chargers

General Motors, which plans to go almost entirely electric by 2035, is creating a new energy division that will produce chargers for electric vehicles, as well as solar panels and other energy-related technology for homes and businesses.

Michelle Chapman | Associated Press
October 11, 2022