BP Plc’s third-quarter profit rebounded from the prior period, but fell short of estimates as weak results in gas marketing offset a strong performance in oil trading.
Category: News
Caterpillar Falls as Shrinking Backlog Raises Demand Worry
Caterpillar Inc. shares tumbled in premarket trading after the company said its order backlog shrank in the third quarter, in a sign of slowing demand for its iconic yellow machinery.
Stellantis Expects Strike to Cost It 750 Million Euros
MILAN — Stellantis said Oct. 31 that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its competitors.
Indiana Adds 225 Truck Parking Spots at I-65 Rest Areas
Truckers traveling in Indiana on Interstate 65 now have more than 200 new parking spaces available to them after the state on Oct. 24 opened a revamped Kankakee Welcome Center.
Diesel Price Drops 9.1¢ to $4.454 a Gallon
The national average diesel price fell by nearly the same amount it increased a week ago, falling 9.1 cents to $4.454 a gallon, according to Energy Information Administration data released Oct. 30.
Court Approves Yellow Administrators’ Auction Plans
A court on Oct. 27 approved plans by the administrators of bankrupt less-than-truckload carrier Yellow Corp. to use auctioneers to sell the company’s rolling stock, documents show.
XPO Reports Revenue Increase Despite Tough Conditions
XPO posted an increase in revenue but a dip in profit during the third quarter amid a challenging freight environment, the company said Oct 30.
Crossword Puzzle Solution for October 30, 2023
Here’s the solution to the crossword puzzle found in the October 30, 2023 print edition.
ADM Strikes Supply Deal for US Plant-Based Chemical Factory
Archer Daniels Midland Co. has agreed to supply biochemical maker Solugen Inc. with raw materials needed to make plant-based acids at a plant to be built in southwest Minnesota.
New Speaker Johnson Faces Array of Pressing Issues
Capitol Agenda: New Speaker of the House has myriad pressing issues in front of him. “I will ensure the House delivers results and inspires change for the American people,” he says.