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Elliott Files Lawsuit Against Phillips 66; Board Fight Looms

Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four seats be up for election this year.

March 25, 2025

Ambassador Warns Canada About Using China as ā€˜Bargaining Chip’

China’s ambassador warned the Canadian government against using it as a ā€œbargaining chipā€ in trade negotiations with the U.S.

March 25, 2025

Descartes Acquires TMS Provider 3GTMS for $115 Million

Shippers, third-party logistics providers and freight brokers can use 3GTMS’ products for automating planning, rating, consolidation and routing of over-the-road shipments.

March 25, 2025

Struggling USPS a Privatization Target for Trump

The U.S. Postal Service has been struggling for years, and now President Donald Trump and Elon Musk are considering privatizing it. How did we get here?

March 25, 2025

Court Slashes $462 Million Wabash Verdict to $120 Million

A St. Louis court has drastically reduced a $462 million jury verdict issued against trailer manufacturer Wabash in connection with a 2019 fatal accident.

March 25, 2025

Court Preserves Detroit Transmission Housing Supply Line

A component supplier must continue to supply Detroit Diesel with housings for Detroit-branded transmissions installed on Freightliner and Western Star truck production lines, a court ruled.

March 25, 2025

Consumer Confidence Falls to Lowest Reading Since 2021

U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation.

March 25, 2025

Kroger Fights Suit by Albertsons Over Failed Deal

Kroger is fighting back against a lawsuit brought by Albertsons over its failed $24.6 billion takeover of the rival grocery chain.

March 25, 2025

Carney Says Canada Wants to ā€˜Get Serious’ on Trade Talks

Canadian Prime Minister Mark Carney said his top Cabinet ministers are in contact with White House officials and want to have ā€œseriousā€ negotiations about trade.

March 25, 2025