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QXO’s Hostile Bid for Beacon Roofing Fuels M&A Optimism

M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.

January 29, 2025

Paccar Q4 Profit Falls but Leaders Predict Better 2025

The Bellevue, Wash.-based truck maker posted a profit of $872 million or $1.66 per diluted share in the fourth quarter of 2024, down 38.5% compared with $1.42 billion, $2.70, in 2023.

January 28, 2025

Task Force Critical of Truck Lease-Purchase Deals

A truck leasing task force that studied the prevalence of predatory practices in truck lease-purchase agreements determined that truck drivers often fall prey to unscrupulous actors.

January 28, 2025

US Steel Investor Pentwater Opposes Ancora’s Proxy Proposal

Pentwater, the third-largest investor in U.S. Steel, said it opposes moves by activist investor Ancora Holdings Group to shake up the board of the American steelmaker.

January 28, 2025

Continental Sees Tough Climate in Auto Unit’s Spinoff Year

Continental AG said its automotive unit will struggle to increase sales this year as the German supplier pushes ahead with plans to spin off the ailing division despite the car industry downturn.

January 28, 2025

Senate Confirms Sean Duffy for DOT Secretary

WASHINGTON — Former congressman Sean Duffy was confirmed by a vote of 77-22.

January 28, 2025

Atlas Energy Begins Driverless Truck Deliveries to Wells

Bulk carrier Atlas Energy Solutions began shipments of proppant on two driverless trucks equipped with self-driving technology from Kodiak Robotics recently, the companies said.

January 28, 2025

Spring-Ride vs. Air-Ride: Cost-Effective Trailer Solutions

Discover the advantages of spring-ride suspensions over air-ride. This whitepaper explores cost savings, maintenance, and performance insights, offering practical advice for selecting the best trailer solution to maximize uptime and efficiency across various applications.

October 1, 2024

GM Reports Q4 Loss on Charges Related to China

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

January 28, 2025