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BusinessLogistics

DoorDash to Be Added to Nasdaq 100; Zoom to Be Removed

DoorDash will be joining the Nasdaq 100 Index while Zoom Video Communications will be removed as part of the annual makeover of the tech-heavy benchmark.

December 11, 2023
BusinessFuel

Occidental to Buy CrownRock for $10.8 Billion

Occidental Petroleum agreed to buy Texas shale driller CrownRock in a cash-and-stock deal valued at $10.8 billion as consolidation heats up in North America鈥檚 most-prolific oil basin.

December 11, 2023
Business

Jacobs Names New Company QXO, Dealing in Building Materials

Brad Jacobs,聽the executive chairman of less-than-truckload carrier XPO Inc.,聽announced on Dec. 11 he plans to target the building products industry in his latest business venture.

December 11, 2023
BusinessLogisticsGlobal Freight

DHL Express Workers Strike at Cincinnati Air Cargo Hub

More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport, a critical logistics hub for the package delivery company.

December 8, 2023
BusinessLogistics

Update: XPO Spends $870 Million for Yellow Properties

Less-than-truckload carrier鈥疿PO鈥疘nc.鈥痟as agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by鈥痀ellow鈥疌orp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier鈥檚 assets, court documents show.鈥

December 8, 2023
GovernmentBusiness

Labor Market Solid With 199,000 Jobs Added in November

The nation鈥檚 employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive 鈥渟oft landing.鈥

December 8, 2023
BusinessLogisticsFor-Hire

Dark Horse Bidder Makes Second Offer for Yellow Assets

Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow鈥檚 assets.

December 7, 2023
Business

Frank Lonegro Named CEO at Landstar, Succeeding Jim Gattoni

Landstar System has selected Frank Lonegro to replace James Gattoni as president and CEO early next year, the company announced Dec. 4.

December 7, 2023
BusinessTechnology

Omnitracs Sues Motive Technologies for Patent Infringement

Motive Technologies Inc. in a Dec. 6 legal filing attacked the legal standing of a technology patent infringement lawsuit filed against it by Omnitracs.

December 7, 2023
BusinessTechnologyAutonomous

Tesla鈥檚 Dojo Supercomputer Head Exits in Blow to Efforts

Tesla Inc.鈥檚 Dojo supercomputer project lead Ganesh Venkataramanan has left the company, according to people familiar with the matter, a setback to the automaker鈥檚 self-driving efforts.

December 7, 2023

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