Latest News Updates From Michelle Chapman

GovernmentBusinessLogisticsFor-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.

April 1, 2024
BusinessPrivate

°®¶¹´«Ã½ Depot Buys SRS Distribution in $18 Billion Deal

°®¶¹´«Ã½ Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion.

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.

October 27, 2023
BusinessFuel

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.

October 23, 2023
GovernmentBusinessTechnologySafetyAutonomous

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.

October 17, 2023
BusinessFuel

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.

October 11, 2023
BusinessLogisticsPrivate

Tyson Foods to Close Four Chicken Processing Plants

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

August 7, 2023
GovernmentBusinessTechnologyFuel

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.

June 27, 2023
BusinessTechnology

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.

February 14, 2023
BusinessTechnologyFuel

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.

October 11, 2022