30 May Amazon Shares Hit $1,000, Showing Dominance of E-Commerce, Cloud Amazon.com Inc.'s shares topped $1,000 for the first time, marking a new milestone for a company wooing investors by dominating online commerce and cloud computing. Read more...
30 May UPS Forges China Joint Venture to Tap Country's E-Commerce Boom UPS Inc. is setting up a joint venture in China to haul more U.S.-bound goods and capitalize on booming e-commerce in the world's most populous nation. Read more...
30 May Trailer Production Stacking Up at Stoughton Trailers Stoughton Trailers' boost in production and its expansion into the trucking market is written all over the landscape on Brodhead, Wis.' southeast side. Read more...
30 May Consumer Confidence Eases on Economic, Jobs Expectations Americans this month became less upbeat about the outlook for jobs and business after sentiment reached a 16-year high two months ago in anticipation that Washington lawmakers would help recharge the economy, according to data from the New York-based Conference Board released May 30. Read more...
30 May XPO Opens Logistics Hub For European Wax Center XPO Logistics has opened a third regional distribution facility for European Wax Center, a provider of beauty products and waxing services with more than 600 locations in the United States. Read more...
30 May UPS Must Pay $247 Million to N.Y. Over Untaxed Cigarettes UPS Inc. must pay $247 million to the state and city of New York for what a judge called the company's "egregious and prolonged" failure to stop shipments of untaxed cigarettes from American Indian reservations that undermined anti-smoking efforts. Read more...
30 May World Distribution Services Opens Georgia Warehouse World Distribution Services has moved into a 150,000-square-foot warehouse near the Port of Savannah, Ga., which the company said will help accommodate the growing container traffic to the East Coast. Read more...
30 May Consumer Spending Signals Second-Quarter Rebound On Track The consumer is on track for a second-quarter comeback after a weak stretch at the start of the year, as Americans kept up spending in line with income gains in April, Commerce Department figures showed May 30. Read more...
28 May Transport Topics Closed for Memorial Day Transport Topics is closed for the Memorial Day holiday as American Trucking Associations honors the men and women who have fought for America's freedom. Read more...
26 May Smarter Cars Paving the Way for Robot Vehicles Advanced driver-assistance features increasingly are embedded in cars you can find parked in dealers' lots. Luxury makers such as Tesla and Mercedes-Benz began including them a few years ago, but now they have trickled down to many mass-market models, sometimes as options, sometimes standard. Read more...