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Government, Business, Private

Rite Aid Files for Bankruptcy

PHILADELPHIA — Rite Aid said Oct. 16 that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan.

October 16, 2023
Government, Business, Private

California Eyes Lawsuit to Block Kroger-Albertsons Deal

California is preparing a lawsuit to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. on concerns the deal could hurt consumers and workers, Attorney General Rob Bonta said.

October 12, 2023
Business, Technology, Equipment, For-Hire, Private

Mercedes Challenges Tesla's Battery-Powered Semi

Mercedes-Benz Trucks revealed a heavy-duty #electric #truck to take on Tesla’s battery-powered Semi, the latest move in the intensifying race to decarbonize road logistics. 

October 12, 2023
Business, Private

PepsiCo Boosts Forecast as Sales Withstand Ozempic Threat

PepsiCo Inc. says appetite-suppressing drugs haven’t affected sales of its snacks and sodas, though the company is focused on package size as it aims to reach its raised annual forecast.

Brett Pulley | Bloomberg News
October 10, 2023
Business, Technology, Equipment, For-Hire, Private

Mercedes Unveils Longhaul Electric Truck

Mercedes-Benz Trucks revealed a heavy-duty electric truck to take on Tesla Inc.’s battery-powered Semi, the latest move in the intensifying race to decarbonize road logistics.

William Wilkes | Bloomberg News
October 10, 2023
Business, Private

Love’s Buys Legal Aid Specialist TVC Pro-Driver

Love’s Travel Stops bought driver legal aid specialist TVC Pro-Driver for an undisclosed sum on Oct. 4, the truck stop owner said.

Keiron Greenhalgh | Staff Reporter
October 6, 2023
Government, Business, Technology, Logistics, Autonomous, Private

Amazon to Open Pair of Facilities in Virginia Beach

Virginia Gov. Glenn Youngkin has announced Amazon will build a multistory robotics fulfillment center and “last mile” delivery station in Virginia Beach.

Noël Fletcher | Staff Reporter
September 29, 2023
Government, Business, Private

Amazon Violated Worker Rights Settlement, NLRB Says

Amazon.com Inc. was accused by U.S. officials of violating a labor board settlement, paving the way for the government to consider claims that the company tried to suppress union organizing.

Josh Eidelson | Bloomberg News
September 29, 2023
Business, Logistics, For-Hire, Private, Global Freight

UPS to Hire 30,000 Extra Drivers for Peak Season

UPS Inc. is set to hire more than 30,000 additional drivers for peak season, a mix of package car drivers, commercial driver license drivers and seasonal support drivers.

Keiron Greenhalgh | Staff Reporter
September 27, 2023
Government, Business, Technology, Private

FTC Sues Amazon in Landmark Antitrust Case Over Marketplace

The Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services.

September 26, 2023