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BusinessPrivate

Kroger Closing Three E-Commerce Facilities in Texas, Florida

NEW YORK — Kroger is shuttering three spoke facilities in its Texas and Florida e-commerce operations, the grocery chain confirmed this week.

March 28, 2024
GovernmentBusiness

Truck Makers Face Retrial in Europe in Price-Fixing Case

Daimler Truck Holding AG and Volvo AB will face a retrial in a 560 million euros ($603 million) case over a price fixing cartel, a German appeals court ruled.

March 28, 2024
BusinessTechnology

EVs Pass the Tipping Point to Mass Adoption in 31 Countries

By the end of last year, 31 countries had surpassed what has become a pivotal EV tipping point: when 5% of new car sales are purely electric.

March 28, 2024
BusinessTechnologyEquipment

Tesla Rethinks the Assembly Line

Tesla Inc. has a plan to fend off cheaper competition from China with a $25,000 electric car. But first it has to overhaul a 100-year-old manufacturing process pioneered by Henry Ford.

March 28, 2024
GovernmentBusinessFuel

US Buys 2.8 Million Barrels of Oil for Strategic Reserve

The U.S. purchased 2.8 million barrels of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies.

March 28, 2024
BusinessPrivate

°®¶¹´«Ã½ Depot Buys SRS Distribution in $18 Billion Deal

°®¶¹´«Ã½ Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion.

March 28, 2024
GovernmentBusinessSafety

Federal Funds to Finance Rebuild of Baltimore Bridge

The potential for freight delays was being assessed in the wake of the collapse of the Francis Scott Key Bridge near Baltimore, which was struck by a cargo ship on March 26.

March 27, 2024
BusinessSafetyLogisticsTCA

Automakers Face Workarounds Due to Port of Baltimore Closure

The Maryland bridge collapse that severed access to the Port of Baltimore early March 26 is expected to cause some shipping delays and logistical headaches for the auto industry.

March 27, 2024
Government

Rep. Rick Crawford Pursues T&I Chairmanship

WASHINGTON — Rep. Rick Crawford (R-Ark.), who leads the House subcommittee on highways and transit policy, declared his candidacy for the full transportation committee’s chairmanship.

March 27, 2024
BusinessLogistics

NYC Congestion Pricing Wins Key Approval From Transit Board

Drivers of cars and trucks in New York City inched closer to paying a new fee to enter Manhattan’s central business district after approval of the nation’s first congestion-pricing plan.

March 27, 2024