UPS Inc. expects sales and profit to grow over the next three years as the courier overcomes soft demand for package delivery coming out of the pandemic.
March 26, 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.
UPS Sees Sales, Profit Growth Coming Out of ‘Difficult’ 2023
China to Challenge Biden’s EV Plans at the WTO
BEIJING — China filed a World Trade Organization complaint against the U.S. on March 26 over what it says are discriminatory requirements for electric vehicle subsidies.
March 26, 2024Baltimore Bridge Collapses After Cargo Ship Rams Into It
BALTIMORE — A containership lost power and rammed into a major bridge in Baltimore early March 26, causing the span to buckle into the river below. Six people were missing.
March 26, 2024Colorado Court Schedules Kroger-Albertsons Hearing in August
A Colorado court scheduled a preliminary injunction hearing on supermarket giant Kroger Co.’s proposed acquisition of rival Albertsons Cos. in mid-August.
March 25, 2024Tesla Staff Ordered to Demo Full Self-Driving Mode to Buyers
Tesla Inc. staff are now required to install and demonstrate the company’s driver-assistance technology before handing cars over to buyers in North America.
March 25, 2024Lucid Surges on $1 Billion Lifeline From Saudi Investor
Lucid Group is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public Investment Fund, providing the troubled EV maker with a needed lifeline.
March 25, 2024Fisker Mulls Bankruptcy After Talks With Automaker Collapse
Struggling electric vehicle startup Fisker Inc. said it needs to renegotiate terms for recent financing or face the possibility of filing for bankruptcy protection.
March 25, 2024Nissan Promises Aggressive EV Push
TOKYO — Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process.
March 25, 2024Exxon Presses Case for Hydrogen Tax Credit
Exxon Mobil pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the IRA after signing an accord to sell the fuel to Japan’s biggest power provider.
March 25, 2024CATL Works With Tesla on Fast-Charging Cells
Contemporary Amperex Technology Co. Ltd. is working on faster charging batteries for Tesla Inc. as Elon Musk’s automaker seeks to defend its market share and roll out an electric car for under $25,000.
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