(Graeme Sloan/Bloomberg) Amazon.com Inc. is exerting more control over Whole Foods Market, largely ending the independence the grocery chain had retained since being acquired eight years ago. Under a reorganization announced last week, Whole Foods’ corporate employees are joining Amazon’s programs for pay, benefits and other functions. Jason Buechel, the Whole Foods CEO who was ...more
A driver charges her Tesla in Long Beach, Calif. (Damian Dovarganes/AP) WASHINGTON — President Donald Trump is expected to sign a measure June 12 that blocks California’s first-in-the-nation rule banning the sale of new gas-powered cars by 2035, a White House official told the Associated Press. The resolution Trump plans to sign, which Congress approved ...more
Excluding volatile food and energy prices, wholesale costs were up 0.1% from April and 3% from May 2024. (David Zalubowski/Associated Press) WASHINGTON — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported June 12 that its producer price index — which measures ...more
The company will return to court in the coming weeks to seek final approval from U.S. Bankruptcy Judge Craig Goldblatt for the full, $1.1 billion financing package. (Kiyoshi Ota/Bloomberg) Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help fund its reorganization after delaying a request for some parts of ...more
U.S. data earlier this month showed the largest-ever plunge in imports during April. (Chris Ratcliffe/Bloomberg) The International Monetary Fund is seeing signs that the rise in trade and activity to front-run U.S. President Donald Trump’s tariffs is beginning to unwind as the global economy still faces heightened uncertainty. Recent trade pacts Washington reached with China ...more
Trump came into office promising to radically remake the U.S.-China trade relationship and force Beijing to open markets to more American goods. (Al Drago/Bloomberg) President Donald Trump is hailing the latest trade framework with China as a game-changing breakthrough. Yet the deal he touted June 11 represents little more than a reset back to earlier ...more
President Donald Trump displays a signed bill June 12 that formally rolls back a Biden-era emissions policy that permitted California wide leeway in setting its own transportation emissions rules. (Al Drago/Bloomberg) President Donald Trump on June 12 hosted a signing ceremony at the White House with freight and trucking executives to formally roll back a ...more
An Estes tractor-trailer next to Yellow trailers. Estes landed the second-largest number of facilities in the highly anticipated first auction of Yellow terminals. (Estes Express Lines) Estes Express Lines is boosting its terminal capacity as it incorporates assets acquired from bankrupt motor carrier Yellow, President and Chief Operating Officer Webb Estes said. The less-than-truckload carrier ...more
The project’s goal is to mitigate truck traffic, which now requires long waits at the U.S.-Mexico international border. (Green Corridors) President Donald Trump has approved a massive project allowing a private investment group to construct, maintain and operate a commercial elevated guideway crossing at the international U.S. border with Mexico in Laredo, Texas. The permit, ...more
A man was found hiding out in a semi truck sleeper berth parked outside of a business owned by a man he threatened online earlier this week. The incident started when someone called police on June 11th to report someone making multiple threatening Facebook posts targeting people in Carlisle County, Kentucky. According to WSILTV 3, the ...more
