Latest Transportation and shipping News
Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena
OMAHA, Neb. (AP) — Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations. The Omaha, Nebraska, railroad said Thursday that it earned $1.67...
Old Dominion: Q2 Earnings Snapshot
THOMASVILLE, N.C. (AP) — THOMASVILLE, N.C. (AP) — Old Dominion Freight Line Inc. (ODFL) on Wednesday reported second-quarter profit of $322 million. On a per-share basis, the Thomasville, North Carolina-based company said it had profit of $1.48. The results...
Dollar General agrees to pay $12 million fine to settle alleged workplace safety violations
NEW YORK (AP) — Dollar General has agreed to pay a $12 million fine and improve conditions at its thousands of retail stores nationwide to make them safer for workers, the U.S. Department of Labor said Thursday. The discount retailer and the Occupational Safety and Health...
King Arthur Baking's CEO on keeping America's oldest flour company in the mix
As America’s oldest flour company, King Arthur Baking Co. has seen a lot. It opened in 1790, when George Washington was president. But little could have prepared it for the start of the coronavirus pandemic, when demand for King Arthur's products jumped six-fold almost overnight....
Afghanistan has been through everything. Now it wants to dust off its postal service and modernize
KABUL, Afghanistan (AP) — In parts of Afghanistan where there are no street names or house numbers, utility companies and their customers have adopted a creative approach for connecting. They use mosques as drop points for bills and cash, a “pay and pray” system. Now the...
FTC unanimously moves to block Tempur Sealy's purchase of Mattress Firm
NEW YORK (AP) — The Federal Trade Commission has unanimously voted to bring a lawsuit against mattress maker Tempur Sealy to block its $4 billion acquisition of Mattress Firm, saying the deal would allow the world's largest mattress supplier to suppress competition that would result in higher...
Documenting the history of American Express as an in-house historian
NEW YORK (AP) — Ira Galtman is part of a small community of corporate archivists. They are historians, cataloguers and documentarians for large companies. They keep track of how companies change their products over time, while also looking for ways for the company to harken back to its history. ...
Delaware lawmakers approve a $1.1 billion capital budget for the fiscal year starting Monday
DOVER, Del. (AP) — Delaware lawmakers on Thursday unanimously approved a $1.1 billion capital budget for construction, transportation, maintenance and economic development projects in the fiscal year that starts Monday. The spending plan is about $300 million less than this...
UPS agrees to sell its freight-brokerage division for less than it paid for the business in 2015
ATLANTA (AP) — United Parcel Service said Sunday it agreed to sell its Coyote Logistics division to RXO for just over $1 billion — less than it paid for the freight-brokerage company in 2015 — to focus more on its core package-delivery business. UPS said it expects to close the...
Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
TOKYO (AP) — Japan's exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from 1.38...
