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Norfolk Southern Investing $200M to Boost Alabama Capacity

Norfolk Southern will invest $200 million to grow capacity on a key Alabama rail line in a freight corridor for agriculture, automotive, chemicals, forestry and steel goods.

August 13, 2024

Peterbilt Showcases Electric Vehicles

SONOMA, Calif. Peterbilt is working with its dealers and customers to deploy end-to-end solutions for electric vehicle applications and meet regulatory requirements.

August 13, 2024

Kroger and Albertsons Spend More Than $800M on Merger Fees

Kroger Co. and Albertsons Cos. have spent more than $800 million on fees paid to lawyers, bankers and advisers for their proposed merger.

August 13, 2024

New Texas-Mexico Border Lanes Speed Up Commercial Traffic

U.S. CBP officers can now inspect more inbound trucks from Mexico at a border crossing into Texas since construction is complete on an $8 million project donated by the City of Pharr.

August 13, 2024

Canadian Labor Board Leaves Door Open for Rail Strike

The ruling found that a work stoppage between the Teamsters and rail companies would not pose an immediate threat to public health and safety, meaning a strike could occur as soon as Aug. 22.

August 13, 2024

Ford, Mazda Warn Owners About Takata Air Bag Inflators

DETROIT Ford and Mazda are warning the owners of more than 475,000 older vehicles not to drive them because they have dangerous Takata air bag inflators that have not been replaced.

August 13, 2024

Oil Surplus Looms if OPEC+ Hikes Supplies, IEA Data Shows

Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with plans to boost supplies, data from the International Energy Agency showed.

August 13, 2024

US Wholesale Inflation Cooled in July

WASHINGTON Wholesale price increases eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates.

August 13, 2024

Diesel Price Declines 5.1瞽 to $3.704 a Gallon

The national average diesel price dropped 5.1 cents to $3.704 per gallon, according to Energy Information Administration data released Aug. 12.

August 12, 2024

Marathon Investor Sues to Block ConocoPhillips Acquisition

A Marathon Oil Corp. shareholder sued to block its proposed acquisition by ConocoPhillips, claiming the $17 billion deal significantly undervalues the target company.

August 12, 2024