FedEx Cuts Guidance Amid Trade and Demand Worries
Although it typically provides a full-year forecast, FedEx said it would only share its outlook for the current quarter due to the “uncertain global demand environment.” (Yuki Iwamura/Bloomberg) FedEx Corp. forecast a worse-than-expected profit for the current quarter in a sign that soft demand from consumers and businesses rattled by ...more
Eaton Merges Units in Preparation for Electrification Push
Eaton headquarters in Dublin. The company is merging its Vehicle Group and eMobility unit. (Eaton Corp.) Eaton Corp. is preparing ...more
US Dedicates $12 Billion to Retrofit Auto Plants for EVs
Workers build a Ford Focus on the assembly line at Ford Motor Co.'s Michigan Assembly Plant in Wayne, Mich. (Bill ...more
Panama Canal Congestion Threatens US Trucking
A cargo ship waits on Gatun Lake for its transit through the Panama Canal. The U.S. is the main source ...more
Economist Sees Challenges and Opportunity in 2024 and 2025
Shoppers at a Buffalo Grove, Ill., store. Economist Rajeev Dhawan forecasts job growth to turn mildly negative in the first ...more
Hurricane Idalia Swamps Southeast, Closes Highways
A portion of Interstate 275 is flooded near Tampa, Fla., as Hurricane Idalia bears down on the Big Bend region ...more
Traffic Deaths Fall 3% in First Half of 2023, Report Finds
Miles traveled by American motorists in the first half of 2023 increased 2.3% from the same period a year ago. ...more