A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.
December 10, 2024Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Kroger’s $24.6 Billion Albertsons Deal Blocked by Judge
Luxembourg-Based Faymonville Picks Arkansas for US Factory
The company specializes in oversized-load and special transport equipment, including semi-lowloaders, flatbed trailers, lowbed trailers and drawbar trailers.
December 10, 2024Mondelez’s Takeover of Hershey Would Rank as Top 2024 Deal
Snack-food giant Mondelez International’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top M&A deal.
December 10, 2024The Road Ahead: 2025 Trucking and Fleet Insights
Program Airs: December 10, 2 p.m. ET Mike Precia, Rob Abbott, and David O’Neal discuss the key findings in Fleetworthy’s exclusive industry report based on a survey of more than 300 fleet operators and independent truckers.
December 10, 2024US Sees Small Global Oil Deficit in 2025
The U.S. reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.
December 10, 2024Arizona City Gifts Land for New Cross-Border Trucking Port
The existing port — which is 5 miles away and expanded 27 years ago from the original one built in 1933 — can no longer handle today’s traffic and commercial vehicle inspection demands.
December 10, 2024Volvo’s VNR Electric Reaches 10 Million Customer Miles
Almost 600 of the Volvo Group AB unit’s battery-electric straight trucks and tractors are now operational in the U.S. and Canada, collectively driving more than 200,000 miles every week.
December 10, 2024Lion Electric President Nicolas Brunet Resigns
The president of Canadian electric bus and truck manufacturer Lion Electric Co. resigned as the cash-poor company made a last-ditch attempt to stay afloat.
December 10, 2024China Benefits as Europe’s Big Battery Ambitions Are Failing
Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.
December 10, 2024Micron Gets $6.2 Billion Chips Award
The Biden administration has reached a final agreement to give Micron Corp. nearly $6.2 billion in subsidies from a program designed to boost American semiconductor manufacturing.
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