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Walmart Adds Stock Grants as Perk in Manager-Retainment Push

NEW YORK — Walmart is further sweetening the perks for its U.S. store managers as it seeks to retain its leaders and attract new ones in a still competitive job market.

January 29, 2024

Norfolk Southern Q4 Profit Down 33%, Derailment Costs Rising

Norfolk Southern’s Q4 profit fell 33% due to the ever-growing costs of the cleanup of last year’s derailment in eastern Ohio, but the railroad did deliver 3% more shipments in the quarter.

January 26, 2024

Europe’s Diesel Supply Chain Threatened by High Freight Costs

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

January 26, 2024

Volvo Q4 Profit Jumps 80.6% as Deliveries, Margins Increase

A jump in truck sales and margins in the fourth quarter of 2023 at Volvo Group saw the Swedish original equipment manufacturer’s profits almost double year-over-year, it said Jan. 26.

January 26, 2024

FMCSA Plans to Remove 15,000 Medical Examiner Certifications

Federal trucking regulators plan to disqualify more than 15,000 physicians responsible for certifying that truck drivers are healthy enough to get behind the wheel.

January 26, 2024

United Rentals Q4 Profit Rises 6.3% on Broad Demand Strength

United Rentals reported net profit of $679 million in the fourth quarter of 2023, a 6.3% year-over-year increase compared with $639 million in the year-ago period.

January 26, 2024

Biden Freezes Approvals of New Licenses for LNG Exporters

The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.

January 26, 2024

Justice Department Inquiring Into Cruise Collision Fiasco

SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.

January 26, 2024

Maersk Unveils World’s Biggest Methanol-Powered Containership

A.P. Moller-Maersk A/S’s newest methanol-powered vessel will soon set sail from South Korea as the shipper seeks to reduce emissions in one of the world’s most-polluting industries.

January 26, 2024

Volvo Shares Fall After Outlining Truck Production Cuts

Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.

January 26, 2024