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OMAHA, Neb. — Rail unions want railroads to take some of the billions they’re using every year to buy back their stock and spend it to improve safety.

Knight-Swift Transportation Holdings Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 20.

While the average gasoline-powered F-150 now sells for almost $63,000 — 25% more than five years ago — the electric version commands a premium of almost 30% over that.

Ford Motor Co. CEO Jim Farley said rival Tesla Inc. could start a price war and turn certain electric vehicle models into commodities after it cut prices again.

DETROIT — Tesla shares fell sharply April 20 as the company felt the sting of numerous price cuts it made across its model lineup this year in hopes of energizing sales.

Union Pacific Corp. reported flat year-over-year income and slightly increased revenue for the first quarter of 2023.  

After nearly a year of negotiations, the International Longshore and Warehouse Union and port management’s Pacific Maritime Association have reached a tentative agreement on what the union described as certain “key issues.”

WASHINGTON — Labor secretary nominee Julie Su won praise at her Senate hearing April 20 as “a champion of the working class” even as some key Democrats were unwilling to voice support.

A steep, across-the-board decline in imported cargo, exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 pandemic.

The labor union representing 22,000 U.S. West Coast dockworkers in contract renewal talks said it has reached a tentative agreement with their employers on “certain key issues.”