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Werner Reports Earnings Decline Despite Revenue Gain in Q4

Werner Enterprises experienced an earnings decline despite revenue gains due to changing macroeconomic conditions in the fourth quarter, the company reported Feb. 7.

February 8, 2023
BusinessEquipmentGlobal Freight

Maersk Sees Global Trade Contracting as Much as 2.5% in 2023

A.P. Moller-Maersk A/S said 鈥渕uted鈥 economic growth is set to push the world鈥檚 container shipping volumes down by as much as 2.5% this year.

February 8, 2023
BusinessLogisticsGlobal Freight

Thousands of CSX Workers First to Get Paid Sick Leave

OMAHA, Neb. 鈥 Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time.

February 8, 2023

Former Celadon Executives Settle Civil Case with SEC

Two former top executives for now-defunct Celadon Group Inc. have agreed to an undisclosed court settlement with the Securities and Exchange Commission in connection with civil fraud allegations dating to 2019.

February 8, 2023
BusinessEquipmentLogisticsGlobal Freight

Supply Chains Must Change, Says Maersk鈥檚 Ditlev Blicher

Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.

February 8, 2023
BusinessLogistics

Volkswagen Misses Full-Year Cash Target After Supply Chain Woes

Volkswagen AG missed its cash-flow target for the year after supply chain and logistics disruptions in recent months left the carmaker with unsold vehicles.

February 8, 2023
GovernmentBusinessSafety

New Jersey Spot Again Leads ATRI鈥檚 Top Highway Bottlenecks

A troublesome spot along I-95 once again topped the list of the nation鈥檚 worst chokepoints on the American Transportation Research Institute Top Truck Bottlenecks list, while the Atlanta metro area stood out as a gridlocked region by claiming six of the top 20 spots on the list.

February 8, 2023
Government

Secretary Marty Walsh to Leave Labor for NHL Players鈥 Association, Reports Say

Secretary of Labor Marty Walsh is leaving the Biden administration, according to people familiar with the matter.

February 7, 2023
GovernmentTechnologyEquipment

Illinois Supreme Court Extends Statute of Limitations for Biometric Lawsuits

The Illinois Supreme Court has issued a decision that strengthens the state鈥檚 Biometric Information Privacy Act 鈥 one of the nation鈥檚 strictest laws regulating the collection and storage of biometrics.

February 7, 2023
BusinessTechnology

VinFast Cuts About 80 Jobs in North America, Including US CFO

Electric vehicle maker VinFast has cut about 80 jobs in North America, including its U.S. CFO, raising questions about the health of the Vietnamese company ahead of a possible stock listing.

February 7, 2023

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