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PCE Shows Price Pressures Easing as Rate Cuts Near

WASHINGTON — An inflation measure tracked by the Federal Reserve remained low, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate.

August 30, 2024

Tyson Foods Names Calaway CFO, Replacing Heir

Tyson Foods said Curt Calaway has been named chief financial officer, replacing company heir John R. Tyson.

August 29, 2024

Motion Industries Expands in Houston With New Center

Motion Industries, a provider of vehicle maintenance, repair and parts, will open a new service center in Houston in September.

August 29, 2024

Nippon Steel to Boost Capital Commitment to US Steel Plants

HARRISBURG, Pa. — Nippon Steel Corp. raised its capital commitment Aug. 29 by more than $1 billion to spend on U.S. Steel’s plants.

August 29, 2024

What's That? NMFC

The NMFC system defines standard freight classes for carriers to measure the "transportability" of goods. It sorts freight into several categories, which are continuously amended by the National Motor Freight Traffic Association, Inc. (NMFTA).

August 29, 2024

Tornado Derails 43 BNSF Train Cars in North Dakota

STEELE, N.D. — Strong winds knocked nearly four dozen train cars off a track in North Dakota, part of a storm system that spurred reports of five tornadoes across the Dakotas.

August 29, 2024

GM Moves BrightDrop Electric Vans to Chevrolet Brand

General Motors Co. is bringing its BrightDrop electric commercial vans under the Chevrolet brand in an effort to expand sales beyond delivery companies.

August 29, 2024

Canadian Rail Operations Back on Track After Work Stoppage

Canadian railway operations have resumed after a brief work stoppage, following government intervention in an ongoing labor dispute.

August 29, 2024

Trucking Reacts to DEA Proposal to Downgrade Marijuana

A DEA proposal to downgrade marijuana from the most serious category of federal drug offenses to a lesser category has drawn more than 43,000 comments from groups and individuals.

August 29, 2024