Latest Transportation and shipping News
Nigeria turns to natural gas as transport prices soar after petrol subsidies were removed
ABUJA, Nigeria (AP) — When Nigeria's President Bola Tinubu ended the costly subsidies that made petrol affordable for many in Africa's most populous country, Ahmed Halilu knew his e-hailing cab business in the capital, Abuja, was about to run into huge losses. Transportation costs...
He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic
NEW YORK (AP) — When John Jobbagy’s grandfather immigrated from Budapest in 1900, he joined a throng of European butchers chopping up and shipping off meat in a loud, smelly corner of Manhattan that New Yorkers called the Meatpacking District. Today only a handful of meatpackers...
A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
NEW YORK (AP) — Target on Wednesday reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items. The Minneapolis retailer fell short of Wall Street expectations for the...
China's president unveils a megaport in Peru, but locals say they're being left out
CHANCAY, Peru (AP) — On the edge of Peru’s coastal desert, a remote fishing town where a third of all residents have no running water is being transformed into a huge deep-water port to cash in on the inexorable rise of Chinese interest in resource-rich South America. The...
Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
NEW YORK (AP) — Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations as part of its efforts to revive its struggling business. North Carolina-based Advance Auto said Thursday that it would be reducing its U.S. footprint as part of a...
Amazon launches an online discount storefront to better compete with Shein and Temu
Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20, an effort to compete with discount retailers that have increasingly encroached on the e-commerce giant's turf. In a blog post on Wednesday, the company said the...
Home Depot: Fiscal Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — The Home Depot Inc. (HD) on Tuesday reported fiscal third-quarter profit of $3.65 billion. The Atlanta-based company said it had net income of $3.67 per share. Earnings, adjusted for amortization costs, were $3.78 per share. The...
Steel Connect: Fiscal Q4 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Steel Connect, Inc (STCN) on Wednesday reported earnings of $6.5 million in its fiscal fourth quarter. On a per-share basis, the New York-based company said it had profit of 23 cents. The supply chain business process management...
Ardmore Shipping: Q3 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Ardmore Shipping Corp. (ASC) on Wednesday reported third-quarter earnings of $24.1 million. The Hamilton, Bermuda-based company said it had net income of 55 cents per share. The shipping company posted revenue of...
Many retailers offer 'returnless refunds.' Just don't expect them to talk much about it
It’s one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too. Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping...
