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Hapag-Lloyd Profitable Despite Global Downturn

HAMBURG, Germany — The German shipping company Hapag-Lloyd says it has made a good profit so far this year, despite the economic downturn and several international crises.

November 14, 2024

Global Oil Market Faces a Million-Barrel Glut Next Year

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, the International Energy Agency said.

November 14, 2024

Railroads, Unions See Trump’s Election Looming Over Talks

OMAHA, Neb. — The flurry of contract agreements announced this fall offers evidence that railroads and their unions are working to avoid the standoffs that led them to a brink of a strike in 2022.

November 14, 2024

Exxon Plans to Cut Almost 400 Pioneer Jobs in Texas by 2026

Exxon Mobil Corp. plans to lay off 397 employees from Pioneer Natural Resources Co. after purchasing the Permian Basin operator for $63 billion earlier this year.

November 13, 2024

JBS Profit Surges to Two-Year High on Booming Chicken Demand

JBS, the biggest global meat producer, is reaping the benefits of a world that’s eating more chicken, sending demand surging and helping the company post its best quarterly profit in two years.

November 13, 2024

New York Gov. Hochul Moving Fast on Congestion Pricing

NEW YORK — Gov. Kathleen Hochul is negotiating a modified version of congestion pricing with the feds that would start the Manhattan toll at $9 per day before ramping it back up to the $15 plan.

November 13, 2024

Trump’s EPA Pick Draws Praise, Pushback Over Climate Policy

During his nearly 10-year tenure on Capitol Hill, Lee Zeldin pushed back on the progressive policy proposal known as the Green New Deal.

November 13, 2024

Autonomous: Plus Ramps Up Autonomous Truck Testing in U.S. and Europe

Automated driving technology companyÌýPlusÌýhas been ramping up on-road testing of autonomous heavy-duty trucks in the United States and Europe in cooperation withÌýTratonÌýGroup’s commercial truck brands.Ìý

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November 13, 2024

Westport Q3 Loss Narrows as Cespira JV Ramps Up

Westport Fuel Systems’ loss narrowed in the third quarter, due in part to the company’s decision to recognize its heavy-duty truck operations as an equity investment on its financial ledger.

November 13, 2024