Category: News

The drones are coming

Unmanned aircraft can help with package deliveries, yard and depot surveillance, traffic management, and more. How are drones being used and tested today, and what does it mean for delivery drivers?

Element Sells Stock, Winds Down Investment in Celadon Joint Venture

Element Fleet Management Corp. has sold 45 million shares of stock to a group of banks and investment firms for $300 million and will use the net proceeds to pay down debt and implement a plan to “meaningfully” improve the company’s financial performance and position the business for growth.

Sears Files for Chapter 11 Bankruptcy Amid Plunging Sales, Massive Debt

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Oct. 15, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced out of business