The deal increases Herc's urban density in seven of the top 10 rental regions. (Herc Rentals) Herc Rentals has completed its merger with fellow construction equipment supplier H&E Equipment Services, and outbid a key rival in the process. The $3.9 billion cash-and-stock deal, announced in February, closed June 2. Herc paid $78.75 in cash and ...more
NewCold's Maryland site will give the Dutch temperature-controlled storage facility five in the United States. (NewCold) Maryland Gov. Wes Moore announced that Netherlands-based NewCold will spend $275 million on a high-tech cold storage facility near the Port of Baltimore that is expected to create between 125 and 150 jobs. “We’re thrilled to partner with NewCold ...more
A prototype B4 Chassis Cab Class 4 truck at Bollinger Motors headquarters in Oak Park, Mich. (Clarence Tabb Jr./The Detroit News/TNS) Electric truck maker Bollinger Motors Inc. will live on after it emerged from receivership this week with a new CEO and ownership structure. A federal judge early last month had ordered the Oak Park, ...more
Toyota vehicles bound for shipment at the Port of Nagoya in Japan on April 29. (Toru Hanai/Bloomberg) Japan and the U.S. have begun the latest round of trade negotiations, with media reports suggesting Tokyo’s delegation is trying to win a reprieve from the tariffs by pledging to make more cars in the U.S. and enhancing ...more
(Matt Rourke/AP/File) WASHINGTON — U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump’s trade wars. Hiring fell from a revised 147,000 in April, the Department of Labor said June 6. The job gains last month were slightly higher than the 130,000 economists had forecast. But ...more
Shoppers browse shirts at a clothing store in Atlanta. (Dustin Chambers/Bloomberg News) Business expect to pass through roughly half of tariff-related expenses to U.S. consumers still reeling from the pandemic-era inflation surge, according to a new survey from the Federal Reserve Bank of Atlanta. The findings show that many businesses anticipate they’ll need to take ...more
New parked Tesla electric vehicles at a showroom in Marseille, France, on Feb. 6. (Jeremy Suyker/Bloomberg News) Wall Street is reining in expectations for Tesla Inc. deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced U.S. federal incentives for electric vehicles. Analysts at Oppenheimer on June 6 cut ...more
A Walmart store in Texas. A large grocery business and reputation for low prices have helped the world’s largest retailer boost sales and attract higher-income shoppers. (Shelby Tauber/Bloomberg News) Walmart Inc. said shoppers are still spending about the same as they did a year or two ago, with a focus on food and essentials over ...more
“I’m honored to return and lead the company I founded during this pivotal time,” Moscrip said in a statement. (Truckstop) Truckstop founder Scott Moscrip has returned as interim CEO after the sudden departure of Kendra Tucker. The move brings the longtime freight technology executive back to the company he founded in 1995, as Truckstop undergoes ...more
“I’m honored to return and lead the company I founded during this pivotal time,” Moscrip said in a statement. (Truckstop) Truckstop founder Scott Moscrip has returned as interim CEO after the sudden departure of Kendra Tucker. The move returns the longtime freight technology executive to the company he founded in 1995, as Truckstop navigates what ...more
