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Walmart Lowers Outlook for 2025

Walmart delivered another year of strong sales and profits with its competitive prices an increasingly strong magnet for shoppers, but 2025 appears to come with new challenges.

February 20, 2025
BusinessTechnologyEquipmentFuelPrivate

Curtain Falls on Hydrogen Truck Maker Hyzon

Hydrogen fuel cell electric truck manufacturer Hyzon closed its doors Feb. 18, according to an executive, almost exactly four years after promising to produce 40,000 trucks in 2025.

February 19, 2025
BusinessEquipmentPrivate

Herc Rentals Outbids United in $3.9B Merger with H&E

Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.

February 18, 2025
GovernmentBusinessLogisticsPrivateGlobal Freight

Amazon Warehouse Workers Reject Union Bid in North Carolina

Amazon workers at a warehouse in North Carolina overwhelmingly rejected union representation.

February 18, 2025
BusinessEquipmentPrivate

United Rentals Drops $3.4 Billion Purchase of H&E Equipment

United Rentals abandoned its plan to acquire H&E Equipment Services, declining to increase its original offer of $3.4 billion for the rival construction equipment supplier.

February 18, 2025
GovernmentBusinessSafetyLogisticsPrivateGlobal Freight

Amazon Workers Seek $30 an Hour in North Carolina

Amazon employee organizers in Garner, N.C., won the right to hold an election this week to determine whether workers at the facility will be represented by an upstart union.

February 11, 2025
BusinessEquipmentLogisticsPrivateTop 100

Cemex CEO Fernando González to Step Down After 30 Years

González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.

February 10, 2025
BusinessTechnologyEquipmentLogisticsPrivateGlobal Freight

Rivian Broadens Sales of Van Once Exclusive to Amazon

Rivian said it will sell its electric delivery van designed for Amazon to other customers, a move to boost revenue from fleet operators as consumer demand for battery-powered cars slows.

February 10, 2025
BusinessTechnologyLogisticsPrivateGlobal FreightTop 100Top 50

Amazon Posts Strong Q4 Earnings, but Stock Dips on Q1 Outlook

Amazon on Feb. 6 reported better-than-expected revenue and profit for the holiday shopping period, but its share price dipped in after-hours trading due to disappointing guidance for Q1.

February 7, 2025
BusinessFor-HirePrivate

Beacon Roofing Rejects Hostile QXO Bid

Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.

February 6, 2025