GRAND RAPIDS, Mich. (AP) — The co-leader of a plot to kidnap Michigan Gov. Gretchen Whitmer was sentenced Wednesday to 16 years in prison for conspiring to abduct the Democrat Read more
Tag: Transportation/Shipping
FedEx expects to cut costs by an extra $1 billion as earnings beat but sales come up well short of target
FedEx Corp. on Tuesday said it planned to slash an extra $1 billion in costs beyond what it outlined in September, bringing those total expected cuts to roughly $3.7 billion, Read more
Senate passes bill to prevent rail strike, rejects measure providing paid sick leave
The U.S. Senate on Thursday voted 80-15 in favor of a bill that would prevent a rail strike by imposing a deal on freight-rail workers, after rejecting a separate House-passed Read more
‘A rail shutdown would devastate our economy’: Biden urges Congress to head off potential strike
OMAHA, Neb. — President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline in the stalled contract talks, following pressure by business Read more
Lyft rides price increases to record revenue, but stock still sinks
Lyft Inc. attracted fewer customers in the third quarter than Wall Street expected, but record-high ride-hailing prices sent the company to its highest quarterly revenue ever anyway, executives said Monday. Read more
Midterm elections: State ballot measures target gig work, immigration, abortion and more
State ballot measures aren’t generating as many headlines as this year’s key congressional races, but some are worth tracking as they touch on the gig economy, immigration and more. “Though Read more
‘Extraordinarily low’ U.S. diesel supplies keep prices for the fuel high at the pump
Gasoline prices have started to hit the brakes, but it has been full steam ahead for diesel, with U.S. supplies of the fuel used in freight transportation and agriculture dropping Read more
Feds break up multimillion-dollar, multistate catalytic-converter theft ring
Federal authorities took a big crack at catalytic converter thefts, announcing raids and arrests from California to New Jersey on Wednesday to break up a network of thieves, dealers and processors that Read more
Here are the S&P 500 CEOs spending the most on the midterm elections
S&P 500 chief executive officers have opened up their wallets for this month’s midterm elections, and none more than Reed Hastings. The Netflix NFLX, -4.80% co-CEO‘s political spending in the Read more
U.S. manufacturing barely expands in October, ISM says
The numbers: A closely-watched index that measures U.S. manufacturing activity fell 0.7 percentage points to 50.2 in October, according to the Institute for Supply Management on Tuesday. Economists surveyed by Read more