Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.
Category: News
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,
USPS Proposes Changes to Save $3 Billion a Year
The U.S. Postal Service wants to save $3 billion annually on changes that reflect its greater reliance on streamlined regional networks.
Tyson Foods Names Calaway CFO, Replacing Heir
Tyson Foods said Curt Calaway has been named chief financial officer, replacing company heir John R. Tyson.
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.
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.
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.
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.
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.
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.