27 Mar UPS Seeks Tax Incentives for Texas Shipping Hub UPS Inc. is seeking tax incentives to create a regional shipping hub with up to 1,400 jobs in an industrial warehouse district in southeast Arlington, Texas. Read more...
27 Mar Penske Logistics Replaces XPO as Operator of Contentious Missouri Warehouse Schnuck Markets Inc. has hired Penske Logistics as the new operator of its NorthPark distribution center in Kinloch, Missouri, the Midwestern grocery chain said March 24. Read more...
27 Mar Oil Producers Consider Output Cut Extension as Support Grows Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles. Read more...
27 Mar China State Firms Eye Land Around Panama Canal: Waterway Authority Chinese state firms have expressed an interest in developing land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China's outward push into infrastructure via railways and ports around the world. Read more...
27 Mar Uber to Suspend Autonomous Tests After Arizona Accident Uber Technologies Inc. is suspending its self-driving car program after one of its autonomous vehicles was involved in a high-impact crash in Tempe, Arizona, the latest incident for a company reeling from multiple crises. Read more...
27 Mar Bridgestone Settles 2015 Lawsuit Filed by Truck Driver After Fatal Crash A truck driver who filed a lawsuit against Bridgestone Americas Tire Operations in the U.S. District Court of Wyoming settled with the company out of court earlier this month, right before trial. Read more...
24 Mar Suddath to Buy Three Locations as Graebel Van Lines Ceases Operations The Suddath Cos. agreed to acquire three locations of Graebel Van Lines as part of a wind down of Graebel's operations throughout the country. Read more...
24 Mar Schneider Going to Wall Street With Share Price of $18 to $20 Schneider, the largest privately owned for-hire carrier in the United States and Canada, will become a publicly traded company as soon as April 5 with shares trading between $18 and $20, according to Bloomberg News and a company filing with the Securities and Exchange Commission. Read more...
24 Mar Large Trucks Banned From Loving Roads in New Mexico Oil and gas companies have created little pushback since Loving, New Mexico, passed an ordinance in 2016 barring large trucks from using their town as a bypass to the highway. Read more...
24 Mar Orders for Durable Goods Increase More Than Forecast Orders for U.S. durable goods increased more than forecast in February, a sign companies are confident about the outlook for the economy. Read more...