Business

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened recently of a major oil industry merger.

More Americans are expected to fly or drive far from home over Christmas than they did last year, putting a cap on a busy year for travel.

A broad-based supply chain coalition is urging Congress to quickly pass legislation that would eliminate duplicative background security checks for truck drivers and other workers.

DoorDash will be joining the Nasdaq 100 Index while Zoom Video Communications will be removed as part of the annual makeover of the tech-heavy benchmark.

Occidental Petroleum agreed to buy Texas shale driller CrownRock in a cash-and-stock deal valued at $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.

Brad Jacobs, the executive chairman of less-than-truckload carrier XPO Inc., announced on Dec. 11 he plans to target the building products industry in his latest business venture.

More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport, a critical logistics hub for the package delivery company.

Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier’s assets, court documents show.  

The nation’s employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing.”

Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.