23 Apr Kohl’s Surges on Deal to Expand Amazon Ties in Return Policy Kohl’s Corp. shares jumped the most in almost four months after the company said it will begin accepting returns for Amazon.com customers at all of its stores starting in July, expanding a program it started in 2017. Read more...
23 Apr Alphabet’s Drone Delivery Business Cleared for Takeoff by FAA An offshoot of Alphabet Inc.’s Google has become the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin dropping products to actual customers. Read more...
23 Apr New-Home Sales Rise to 16-Month High Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower borrowing costs. Read more...
23 Apr Kenworth, Toyota Join Forces to Reduce Emissions at California Ports LOS ANGELES — Kenworth Trucks joined forces with several allies April 22 in the battle against greenhouse gases, unveiling three of 10 Class 8 trucks that will run using hydrogen fuel cells developed by Toyota. Read more...
23 Apr Coca-Cola Jumps on Profit Beat as China Fuels Beverage Sales Coca-Cola Co., locked in a renewed battle for global beverage sales with rival PepsiCo Inc., rose in early trading as its push beyond sugary drinks helped it beat on profit in the first quarter. Read more...
23 Apr Cameron Ramsdell to Lead Newly Formed U.S. Xpress Ventures U.S. Xpress Enterprises Inc. announced it established U.S. Xpress Ventures, a business unit focused on developing and implementing new asset-based business models and technology strategies within the company. It named Cameron Ramsdell president of the new unit. Read more...
23 Apr Federal BUILD Grants Application Opportunity Announced Federal infrastructure grants designed to facilitate big-ticket projects nationwide are back in the spotlight. Read more...
23 Apr Speed Limit Increases Responsible for Thousands of Extra Roadway Fatalities, Study Finds A new study of maximum speed limit increases on U.S. roadways from 1993-2017 has concluded that more than 36,000 lives could have been spared if states had not increased their maximum speed limits over the 25-year period. Read more...
22 Apr Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall Celadon Group Inc. is selling its Celadon Logistics brokerage and third-party logistics subsidiary in a $60 million deal that helps advance the Indianapolis-based company’s plan to shore up its business in the wake of accounting troubles that date back several years. Read more...
22 Apr Diesel Jumps 2.9¢ a Gallon to $3.147 The U.S. average retail price of diesel climbed 2.9 cents to $3.147 a gallon, and crude oil prices pushed past $65 a barrel to post a six-month high, the Department of Energy reported April 22. Read more...