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Knight-Swift Transportation Holdings Reports Profit Gains in 4Q

Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units.

January 29, 2019

Forever Stamp Price Increase to 55 Cents Takes Effect

The cost of a Forever stamp jumped 10% this weekend — from 50 cents to 55 cents — as the U.S. Postal Service continues to struggle financially.

January 28, 2019

Union Pacific Reports Strong 4Q Results, but Hints of Job Cuts

Union Pacific Corp. reported record 2018 fourth-quarter income of $1.55 billion, or $2.13 a share, on Jan. 24.

January 25, 2019

Google’s Bid to Battle Amazon Suffers Blow As Walmart Withdraws

Walmart Inc. has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon.com in e-commerce.

January 25, 2019

US Crude Production to Beat EIA’s Outlook by 23 Years

A year ago, the U.S. government envisioned American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.

January 25, 2019

China’s Car Slowdown Begins to Bite as Hyundai Lays Off Workers

As China’s car industry loses its shine, automakers are starting to buckle up for the downward slope with Hyundai Motor Co. announcing it is letting workers go and is reviewing production plans in the world’s biggest market.

January 25, 2019

FedEx Express Agrees to Buy International Business From Israeli Firm

FedEx Express is acquiring the international express delivery business of Flying Cargo Group, a company based in Israel that has been a service partner with FedEx since 1990, company officials announced Jan. 15.

January 25, 2019

U.S. Xpress Moves to Divest U.S.-Mexico Trucking Operations

U.S. Xpress Enterprises has decided to cut back on its cross-border trucking operations, agreeing to sell its terminal in Laredo, Texas, along with 700 dry van trailers and divest its ownership of Xpress Internacional, a company based in Mexico that U.S. Xpress has operated since 2007.

January 24, 2019

Government Shutdown Strains Emerge in US Air Travel System

The strain of a 34-day partial government shutdown is weighing on the nation’s air-travel system, both the federal workers who make it go and the airlines that depend on them. Air traffic controllers and airport security agents continued to work without pay — they will miss a second biweekly paycheck Jan. 25 — but high absentee rates raise the threat of long airport lines, or worse.

January 24, 2019