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Intel to Make Custom AI Chip for Amazon, Delay German Plant

Intel and Amazon’s AWS will co-invest in a custom semiconductor for artificial intelligence computing — what’s known as a fabric chip — in a “multiyear, multibillion-dollar framework.â€Â 

September 17, 2024

Amazon Contract Drivers Organize With Teamsters in New York

Hundreds of Amazon contract-delivery drivers at a New York City warehouse are organizing with the Teamsters, demanding that the company bargain with them over wages and working conditions.

September 16, 2024

Jimmy Haslam Backs Initiative to Cut Heavy Industry Emissions

Cleveland Browns owner Jimmy Haslam’s family office HF Capital has committed $725 million to help launch an initiative aimed at decarbonizing heavy industry, it announced Sept. 16.

September 16, 2024

PepsiCo, Maersk, Others Team Up on Electric Truck Pilot

A high-powered coalition is spearheading efforts to electrify the Interstate 10 trucking corridor.

September 17, 2024

Kroger Ups Full-Year Sales Forecast on Grocery Spending

Kroger Co. lifted its full-year sales guidance as the grocery-store operator benefits from consumers prioritizing spending on groceries and other essentials.

September 12, 2024

Private Fleets Ship Record 75% of Owners’ Outbound Freight

Prior to the past two years, the in-house market share had remained steady at the 67% level throughout the survey’s history, NPTC said.

September 5, 2024

Kroger, Albertsons CEOs in Court to Defend Merger

PORTLAND, Ore. — The CEOs of Kroger and Albertsons were set to testify in federal court Sept. 4, midway through a three-week hearing in which the grocery chains have defended their proposed merger.

September 4, 2024

Tyson Foods Names Calaway CFO, Replacing Heir

Tyson Foods said Curt Calaway has been named chief financial officer, replacing company heir John R. Tyson.

August 29, 2024

Kroger-Albertsons Deal Heads to Court With Food Price Focus

Kroger Co. and Albertsons Cos. are finally getting their day in court. Nearly two years after the acquisition was announced, the grocery giants on Aug. 26 started a federal court hearing in Portland, Ore., on the U.S. Federal Trade Commission’s bid to block the $24.6 billion deal.

August 26, 2024