Pentwater, the third-largest investor in U.S. Steel, said it opposes moves by activist investor Ancora Holdings Group to shake up the board of the American steelmaker.
January 28, 2025Trucking 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.
Continental Sees Tough Climate in Auto Unit’s Spinoff Year
Continental AG said its automotive unit will struggle to increase sales this year as the German supplier pushes ahead with plans to spin off the ailing division despite the car industry downturn.
January 28, 2025Senate Confirms Sean Duffy for DOT Secretary
WASHINGTON — Former congressman Sean Duffy was confirmed by a vote of 77-22.
January 28, 2025Atlas Energy Begins Driverless Truck Deliveries to Wells
Bulk carrier Atlas Energy Solutions began shipments of proppant on two driverless trucks equipped with self-driving technology from Kodiak Robotics recently, the companies said.
January 28, 2025Chevron Plans to Build Gas Plants to Power AI Data Centers
Chevron is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to tap into surging demand for electricity for AI.
January 28, 2025Port Houston Awarded $25M for Hydrogen Refilling Station
A $25 million grant given to the Port of Houston Authority will go toward the development of a hydrogen refilling station in Bayport.
January 28, 2025Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid
Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.
January 28, 2025US, UK Ships Return to Red Sea on Houthis’ Vow to Hold Fire
British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations.
January 28, 2025GM Reports Q4 Loss on Charges Related to China
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.
January 28, 2025Norfolk Southern, East Palestine Reach $22M Settlement
EAST PALESTINE, Ohio — The Village of East Palestine and Norfolk Southern announced a $22 million settlement resolving the village’s claims arising from a 2023 train derailment.
January 28, 2025Trending
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