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Court Approves Sale of Seven Additional Ex-Yellow Terminals

The court overseeing the bankruptcy proceedings of Yellow approved the sale of a further seven terminals, according to a filing.

May 16, 2025

UN Forecasts Slower Global Economic Growth

The United Nations on May 15 forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions.

May 16, 2025

Tariff Truce Boosts Global Shippers

Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.

May 16, 2025

Quebec Investors to Acquire Bankrupt Lion Electric

An investor group involving Montreal real estate tycoon Vincent Chiara is set to take control of bankrupt Lion Electric, offering new capital to keep the electric bus and truck maker alive.

May 16, 2025

CVS Bids for Rite Aid Stores in Pacific Northwest

CVS Health is trying to buy stores and patient data from Rite Aid, the beleaguered pharmacy chain that is going out of business after filing for bankruptcy a second time earlier this month.

May 15, 2025

Deere Swells to Record on Optimism for Farm Economy

Deere & Co. jumped to a record after earnings beat the highest of analyst estimates, even as the world’s largest farm machinery maker trimmed its profit outlook for the year.

May 15, 2025

Fed’s Barr Says Supply Chain Chaos Could Boost Inflation

Federal Reserve Governor Michael Barr said the economy is on solid ground, but warned tariff-related supply chain disruptions could lead to lower growth and higher inflation.

May 15, 2025

FHWA Nominee McMaster Promotes Permitting Reform, Safety

Sean McMaster, nominee to lead the Federal Highway Administration, appeared before the Senate Environment and Public Works Committee on May 14, the first step of his confirmation process.

May 15, 2025

Ford Recalls 274,000 Navigator, Expedition SUVs

Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs due to an issue that may cause a loss of brake function while driving, increasing crash risks.

May 15, 2025