Nissin's Yokohama Heavyweight Packaging Center and conventional ship cargo handling. (Nissin via YouTube) Japanese logistics company Nissin Corp. said Bain Capital will buy its shares from shareholders for it to go private through a management buyout, in a deal worth about 112 billion yen ($756 million). U.S. investment firm Bain is planning to buy 13.85 ...more
U.S. Trade Representative Jamieson Greer (left) and U.S. Secretary of the Treasury Scott Bessent take part in a press conference after two days of closed-door discussions on trade between the United States and China, in Geneva on May 12. (Jean-Christophe GENEVA — U.S. and Chinese officials said May 12 they had reached a deal to ...more
Shoppers walk by as workers install a platform near a Nike store outside a shopping mall in Beijing on May 11. (Associated Press/Andy Wong) NEW YORK — American businesses that rely on Chinese goods reacted with muted relief May 12 after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products ...more
Vehicles are drive into a CMA CGM SA roll-on/roll-off cargo ship at a port in Ulsan, South Korea. (SeongJoon Cho/Bloomberg News) Rodolphe Saade, CEO of CMA CGM SA, hailed a truce in the trade war between Washington and Beijing. “For CMA CGM, it’s good news,” Saade said during a hearing in the French Senate on ...more
Shipping containers at the Port of Long Beach in California on April 28, 2025. (Eric Thayer/Bloomberg News) The U.S. collected a record amount of revenue from tariffs in April, helping to limit a further widening of the budget deficit, though President Donald Trump’s search for trade deals with targeted nations may scale back future amounts ...more
Sterling Anderson by General Motors General Motors Co. has hired Sterling Anderson, the former director of Tesla’s Autopilot program and a co-founder of autonomous vehicle startup Aurora Innovation Inc., as the company’s chief product officer overseeing all vehicle development. GM said Anderson will oversee development for gasoline and electric vehicles, including hardware, software and services, ...more
Storage tanks in a Saudi Aramco oilfield. (Simon Dawson/Bloomberg News) DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profit of $26 billion on May 11, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s multitrillion-dollar development plans. Aramco, formally known as the Saudi Arabian Oil ...more
A load of cars was left lined up in a roadside ditch after a car hauler overturned on I-83 in Pennsylvania on Monday morning. The accident happened on May 12th at about 4:20 a.m. on I-83 northbound between the Lewisberry and Fishing Creek Road exits in York County, Pennsylvania. According to WGAL 8, the tractor trailer ...more
The California Highway Patrol (CHP) has deployed new patrol vehicles that are “specifically designed to blend into traffic” in order to nab dangerous drivers. As part of CHP’s Specially Marked Patrol Vehicle (SMPV) Program, the agency has deployed a fleet of 2024 Dodge Durango vehicles that still have the manufacturer’s paint job rather than the ...more
Five people were hospitalized after a tanker truck ended up buried in the side of a house after plowing through a business and an intersection. The incident happened on Monday morning, May 12th just before 6:20 a.m. in Wellington, Utah. According to KJZZ 14, a tanker truck loaded with crude oil was driving east on State ...more
