UPS Cuts Forecast With Labor Costs Set to Rise After Union Deal
United Parcel Service Inc. lowered its full-year profit forecast as the courier contends with shifting consumer habits and
2023-08-08 18:53
Electric Vehicle Tech Manufacturer Proterra Files for Bankruptcy
Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. The
2023-08-08 05:47
Teamsters Deny Yellow’s Claim That Union Caused Trucking Firm’s Bankruptcy
The International Brotherhood of Teamsters balked at Yellow Corp.’s efforts to blame the union for financial woes that
2023-08-08 03:28
Tesla Replaces CFO as Kirkhorn Ends 13 Years at the EV Maker
Tesla Inc. Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the electric-vehicle maker, a surprise
2023-08-07 23:59
Ukraine Recap: Russia, China Foreign Ministers Discuss Ukraine
Chinese Foreign Minister Wang Yi reiterated an appeal for peace talks and political solutions for the war in
2023-08-07 23:54
Trucking Firm Yellow Goes Bankrupt as Debt, Labor Woes Pile Up
Yellow Corp. filed for bankruptcy after the trucking firm’s long-running financial woes were compounded by a dispute with
2023-08-07 11:28
New Zealand Plans Three Auckland Harbor Tunnels For $27 Billion
New Zealand plans to build three tunnels under Auckland’s Waitemata Harbour to ease traffic congestion in its largest
2023-08-07 08:54
Poland Detects Leak in a Section of Druzhba Pipeline to Germany
Poland has stopped shipping oil through part of the western section of the Druzhba pipeline that sends crude
2023-08-06 16:51
Upstart Traders of Russian Oil Had Representatives in Common
Two of the companies that emerged as key dealers of Russian oil following the invasion of Ukraine have
2023-08-06 08:23
US customs officers seize counterfeit designer watches worth over $4 million in Kentucky
US Customs and Border Protection officers in Kentucky say they intercepted millions of dollars worth of counterfeit designer watches last month.
2023-08-05 13:25
Trucking Firm Yellow Considers Asset Sale Through Bankruptcy Filing
Yellow Corp. is considering a sale of assets and real estate through a bankruptcy filing, which may come
2023-08-05 03:23
Struggling US Sectors Trim Work Hours Rather Than Slash Payrolls
US employers in struggling sectors such as manufacturing are reducing hours rather than resorting to aggressive job cuts,
2023-08-05 00:51