Category: News

Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter.

Universal Logistics Holdings inched up third-quarter revenue and earnings despite weak market conditions, the company reported Oct. 24.

Volkswagen AG plans to close at least three factories in Germany as Europe’s biggest automaker tries to slash expenses to become more competitive.

Volkswagen’s truck manufacturing brand Scania plans to equip all its future electric trucks with Northvolt batteries, in a vote of confidence for the cash-strapped Swedish battery maker.

Saia Inc. reported Oct. 25 that it was able to post record-high third-quarter revenue amid an ongoing effort to expand its operational footprint.

The Ted Stevens Anchorage International Airport has added five new international cargo carriers to its lineup this year, setting the stage for continued growth.

HAMBURG, Germany — The German shipping company Hapag-Lloyd has raised its profit forecast for the current financial year because of rising freight rates.

Hyundai is recalling its hydrogen-powered Nexo SUV model in the United States for a fix after safety watchdogs warned of a potentially explosive fuel leak.

Beth Ann Branch of Port of Mobile was chosen as the next CEO of the Port of New Orleans and Public Belt Railroad, putting a former Gulf Coast rival at the helm in New Orleans as it tries to win a greater share of the container shipping business in the …

Fleet technology provider Samsara has released a new safety feature that proactively detects and mitigates drowsy driving through artificial intelligence.