Norfolk Southern to Buy Cincinnati Rail Line for $1.62 Billion
Norfolk Southern Corp. agreed to acquire Cincinnati Southern Railway, tightening the company’s grip on a critical 337-mile line it already operates under a lease agreement.
November 21, 2022UPS to Buy $1.5 Billion of Boeing Freighters as Air Cargo Booms
UPS Inc. agreed to buy 19 Boeing Co. freighter jets as soaring e-commerce and snarled shipping lines lead to a boom in air-cargo demand.
December 21, 2021Elon Musk Named Time’s Person of the Year
Elon Musk was named Time magazine’s “Person of the Year,” capping a run during which the head of Tesla Inc. solidified his standing as the world’s richest person and turned his onetime electric vehicle startup into a $1 trillion company.
December 13, 2021Home Depot Reunites With HD Supply in Deal Catering to Pros
Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.
November 16, 2020Port of Los Angeles Sees Coronavirus Drag Through Most of 2020
The shipping industry will remain volatile for most of 2020 as the coronavirus outbreak in China upends the global supply chain, said the head of the largest U.S. container port.
February 25, 2020As Economy Heats Up, Truck Driver Shortage Burns More Companies
A strengthening economy has its downsides. Just ask United Natural Foods Inc.
June 8, 2018GE Buys Software Company to Bolster Rail-Industry Supply Chain
General Electric Co. agreed to buy ShipXpress Inc., a cloud-based software firm, to bolster its supply chain offerings for railroad customers.
August 30, 2016