McMullen served as Kroger’s CEO for more than a decade. (Jeenah Moon/Bloomberg News) Kroger Co. replaced CEO Rodney McMullen following an investigation into his personal conduct, which the U.S. supermarket chain said was unrelated to the company’s financial performance and didn’t involve Kroger employees. Lead director Ron Sargent, 69, was named chairman and interim CEO ...more
An Albertsons store in Texas. (Shelby Tauber/Bloomberg News) Both top U.S. grocery operators are moving on from their respective CEOs only months after a proposed deal to combine their operations was blocked by a federal judge. Albertsons Cos., the second-largest U.S. grocery operator, said in a statement that Chief Operations Officer Susan Morris, 56, will ...more
Semi trucks take on fuel at a truck stop in Texas. The Gulf Coast had the biggest price decrease among the five PADD districts at 7.7 cents a gallon. (THEPALMER/Getty Images) The national average diesel price swung down 6.2 cents after four straight weeks of modest gains to settle at $3.635 a gallon, according to ...more
TSMC had already begun constructing three plants in Arizona after the Biden administration offered billions in subsidies. Wei said the new investment will be for three more chip manufacturing plants along with two packaging facilities. (TSMC) WASHINGTON — Chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, President Donald ...more
A red light camera in Philadelphia. (Philadelphia Parking Authority via YouTube) The Pennsylvania Department of Transportation will allocate $20.4 million in funding generated from red light camera fines in the Philadelphia area to pay for 31 road safety projects across 25 municipalities. Transportation Secretary Mike Carroll on Feb. 26 announced a slate of winning projects ...more
A Knight-Swift truck in a parking lot in Fairfax, Va. (Aaron Perryman/Transport Topics) A bill meant to improve transportation safety by increasing access to truck parking was recently introduced in the U.S. House of Representatives. House transportation policymakers again are seeking support from colleagues on their consistent effort to tackle the nation’s insufficient parking capacity ...more
The president did not provide more detail on which products would be affected, or if there would be any exceptions. (Robert F. Bukaty/Associated Press) President Donald Trump said the U.S. would impose tariffs on “external” agricultural products starting on April 2, his latest threat to impose trade barriers on imported goods. “To the Great Farmers ...more
The president did not provide more detail on which products would be affected, or if there would be any exceptions. (Robert F. Bukaty/Associated Press) President Donald Trump said the U.S. would impose tariffs on “external” agricultural products starting on April 2, his latest threat to impose trade barriers on imported goods. “To the Great Farmers ...more
Trump has made lumber imports a “national security issue,” Scotiabank analysts including Ben Isaacson wrote in a note March 3. (James MacDonald/Bloomberg News) Lumber futures rose to the highest in more than two and a half years after President Donald Trump ordered an investigation into shipments of the commodity into the U.S. Trump on March ...more
A trucking company is facing nearly half a million dollars in fines for safety violations that led to the death of a truck driver last summer. The 56-year-old father of 12, Viktor Voloshin, died after being instructed to climb inside a tanker trailer to clean out fertilizer residue at Two River Terminal in Pasco, Washington ...more
