LONDON — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living.
May 5, 2022Search
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Stellantis Posts Higher Q1 Revenue Despite Russia Plant Closure
MILAN — Carmaker Stellantis on May 5 reported higher first-quarter revenues despite lower deliveries, with no significant impact from the closure of its Russian plant due to sanctions.
May 5, 2022GXO Reports Higher Earnings, Revenue for Q1
GXO Logistics Inc. recorded higher net income and revenue in the first quarter, the company reported May 4.
May 5, 2022New Mexico Pursues Opportunity for Rerouted Rail Line
SANTA FE, N.M. — New Mexico is highlighting its support for proposals that would route an international rail line through its Santa Teresa port of entry, capitalizing on Mexico’s unease with disruptions along the Texas portion of the U.S. border with Mexico.
May 5, 2022Productivity Drops on Weaker Output as Labor Costs Jump
U.S. productivity dropped in the first quarter by the most since 1947 as the economy shrank, while labor costs surged and illustrated an extremely tight job market.
May 5, 2022OPEC+ Opens Oil Taps Gradually as Russian War Roils Markets
LONDON — OPEC and allied oil-producing countries decided May 5 to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude.
May 5, 2022TravelCenters Reports Higher Q1 Net Income, Revenue
TravelCenters of America Inc. reported first-quarter net income and revenue rose along with gross fuel margins.
May 5, 2022TuSimple Taps Werner for Roadside Service, Support
TuSimple has added Werner Enterprises Inc.’s roadside service network to others that will provide support to customers operating in “driver-out” SAE Level 4 autonomous mode on its Autonomous Freight Network.
May 4, 2022Eaton Posts Record Segment Margins in Q1
Power management company Eaton Corp. reported first-quarter net income and revenue rose, and it reached record Q1 segment margins, or the amount of profit or loss produced by one component of a business.
May 4, 2022Industry Reacts to FMCSA's Plans on Heavy-Truck Speed Limiters
A federal proposal to consider requiring speed limiters on new commercial trucks has drawn mixed reactions from trucking and safety groups.
May 4, 2022