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DoorDash to Be Added to Nasdaq 100; Zoom to Be Removed

DoorDash will be joining the Nasdaq 100 Index while Zoom Video Communications will be removed as part of the annual makeover of the tech-heavy benchmark.

December 11, 2023

Jacobs Names New Company QXO, Dealing in Building Materials

Brad Jacobs, the executive chairman of less-than-truckload carrier XPO Inc., announced on Dec. 11 he plans to target the building products industry in his latest business venture.

December 11, 2023

DHL Express Workers Strike at Cincinnati Air Cargo Hub

More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport, a critical logistics hub for the package delivery company.

December 8, 2023

Labor Market Solid With 199,000 Jobs Added in November

The nation’s employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing.â€

December 8, 2023

Update: XPO Spends $870 Million for Yellow Properties

Less-than-truckload carrier  Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by  Corp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier’s assets, court documents show.  

December 8, 2023

Dark Horse Bidder Makes Second Offer for Yellow Assets

Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.

December 7, 2023

Frank Lonegro Named CEO at Landstar, Succeeding Jim Gattoni

Landstar System has selected Frank Lonegro to replace James Gattoni as president and CEO early next year, the company announced Dec. 4.

December 7, 2023

Omnitracs Sues Motive Technologies for Patent Infringement

Motive Technologies Inc. in a Dec. 6 legal filing attacked the legal standing of a technology patent infringement lawsuit filed against it by Omnitracs.

December 7, 2023

Tesla’s Dojo Supercomputer Head Exits in Blow to Efforts

Tesla Inc.’s Dojo supercomputer project lead Ganesh Venkataramanan has left the company, according to people familiar with the matter, a setback to the automaker’s self-driving efforts.

December 7, 2023