Stellantis said it would lay off about 1,100 workers at its Jeep plant in Toledo, Ohio, the latest in a series of job cuts as the automaker contends with bloated inventory and declining sales.
Category: News
Norfolk Southern’s One-Minute Inspection Rule Sparks Concern
Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this week they should spend no more than a minute looking at each car.
Fiscal 2025 Bills Top Congress’ End-of-Year Session
The approval of fiscal 2025 bills tops Congress’ priorities as lawmakers prepare to kick off their post-election legislative agenda.
Schneider Q3 Revenue, Profit Decline in Weak Freight Market
The company’s results missed expectations from investment analysts on Wall Street, who had been looking for EPS of 23 cents per share and quarterly revenue of $1.33 billion.
Heartland Express in Red for Q3 Again but Loss Narrows
Losses at Heartland Express narrowed year over year in the third quarter as both legacy brands and two more recently acquired units turned in an improved performance.
Trump-Musk Alliance May Boost Tesla, Reshape Big Tech
Silicon Valley is bracing for a different relationship with the U.S. government as Donald Trump prepares to return to the White House.
Eaton Q3 Profit Climbs 13.2% Behind Data Center Growth
Eaton Corp.’s profit climbed 13.2% in the third quarter as revenue growth from data center expansions around the globe provided the biggest boost.
N.Y. to Give $21.6M for Dairy Supply Chain, Milk Tankers
Gov. Kathy Hochul unveiled the grant program in her 2024 State of the State address as a response to mounting challenges facing dairy farmers.
Canada Braces for Economic Disruption
Canada, which buys more U.S. goods than any other nation and is its largest external oil supplier, is bracing for economic disruption now that voters have elected Donald Trump.
I-40 Between N.C. and Tennessee Could Reopen by Jan. 1
Interstate 40 may reopen between North Carolina and Tennessee by New Year’s Day, according to the North Carolina Department of Transportation.