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BusinessPrivate

Dollar Tree Sells Family Dollar for $1 Billion

Dollar Tree is selling Family Dollar to a pair of private equity firms for $1 billion after a decade of trying to make its acquisition of the bargain chain fit.

March 26, 2025
BusinessFuel

Shell CEO Says Pursuing Major Deal Brings Risk of Distraction

Shell Plc CEO Wael Sawan said the UK energy company will continue to look for potential acquisitions but warned of the risks inherent in pursuing a major deal.

March 25, 2025
BusinessEquipmentSafety

Eight Corvettes Go Missing in Kentucky but Are Later Found

Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said.

March 25, 2025
BusinessFuel

Elliott Files Lawsuit Against Phillips 66; Board Fight Looms

Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four seats be up for election this year.

March 25, 2025
BusinessPrivateTop 100

Leading Meatpacker JBS Tops Earnings Expectations

JBS SA, the world’s largest meatpacker, posted earnings that beat expectations as strong demand for chicken and pork helped offset pressure in its U.S. beef business.

March 25, 2025
GovernmentBusiness

Ambassador Warns Canada About Using China as ā€˜Bargaining Chip’

China’s ambassador warned the Canadian government against using it as a ā€œbargaining chipā€ in trade negotiations with the U.S.

March 25, 2025
GovernmentBusinessGlobal FreightTop 50

Struggling USPS a Privatization Target for Trump

The U.S. Postal Service has been struggling for years, and now President Donald Trump and Elon Musk are considering privatizing it. How did we get here?

March 25, 2025
BusinessTechnologyLogistics

Descartes Acquires TMS Provider 3GTMS for $115 Million

Shippers, third-party logistics providers and freight brokers can use 3GTMS’ products for automating planning, rating, consolidation and routing of over-the-road shipments.

March 25, 2025
GovernmentBusinessEquipmentSafety

Court Slashes $462 Million Wabash Verdict to $120 Million

A St. Louis court has drastically reduced a $462 million jury verdict issued against trailer manufacturer Wabash in connection with a 2019 fatal accident.

March 25, 2025
GovernmentBusinessEquipment

Court Preserves Detroit Transmission Housing Supply Line

A component supplier must continue to supply Detroit Diesel with housings for Detroit-branded transmissions installed on Freightliner and Western Star truck production lines, a court ruled.

March 25, 2025