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 fra
Maersk Sees Global Trade Contracting as Much as 2.5% in 2023
A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.
Supply Chains Must Change, Says Maersk’s 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.
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.
Familiar Spots Lead ATRI’s Top Highway Bottlenecks
Some very familiar trouble spots lead the 2022 Top Truck Bottlenecks List from the American Transportation Research Institute.
Secretary Marty Walsh to Leave Labor for NHL Players’ Association, Reports Say
Secretary of Labor Marty Walsh is leaving the Biden administration, according to people familiar with the matter.
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. chief financial officer, raising questions about the health of the Vietnamese company ahea
Imports Surge Led to Record Trade Gap in 2022
The U.S. trade deficit widened to a record last year on a surge in imports as American companies scrambled early on to ensure they had enough merchandise on hand to meet demand.
Diesel Drops 8.3¢ to $4.539 a Gallon
The national average price of diesel slid 8.3 cents to $4.539 a gallon, according to Energy Information Administration data released Feb. 6.