Business, Logistics, Private, Global Freight

Amazon Is Shifting to Recycled Paper Filling for Packages

Amazon is shifting from the plastic air pillows used for packaging in North America to recycled paper because it’s more environmentally sound, and it says paper just works better.

Michelle Chapman | Associated Press
June 20, 2024
Government, Business, Technology

Fisker Files for Bankruptcy Protection

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.

Michelle Chapman | Associated Press
June 18, 2024
Government, Business, Fuel

ConocoPhillips to Buy Marathon Oil for $17.1 Billion

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.

Michelle Chapman | Associated Press
May 29, 2024
Business, Equipment

Deere Cuts 2024 Profit Outlook on Lower Tractor Sales

Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors.

Michelle Chapman | Associated Press
May 16, 2024
Government, Business, Logistics, For-Hire

UPS to Become the Primary Air Cargo Provider for USPS

UPS will become the primary air cargo provider for the United States Postal Service after FedEx said it wasn’t able to reach an agreement on mutually beneficial terms to extend its contract.

Michelle Chapman | Associated Press
April 1, 2024
Business, Private

Home Depot Buys SRS Distribution in $18 Billion Deal

Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion.

Michelle Chapman | Associated Press
March 28, 2024

Exxon Profit Falls Compared With Record Numbers Last Year

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.

Michelle Chapman | Associated Press
October 27, 2023
Business, Fuel

Chevron Buys Hess for $53 Billion

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

Michelle Chapman | Associated Press
October 23, 2023
Government, Business, Technology, Safety, Autonomous

NHTSA to Investigate Cruise Over Pedestrian Incidents

NHTSA is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper caution around pedestrians.

Michelle Chapman | Associated Press
October 17, 2023
Business, Fuel

Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

Michelle Chapman | Associated Press
October 11, 2023