Private

About Private News...
Business, Equipment, Private

United Rentals Drops $3.4 Billion Purchase of H&E Equipment

United Rentals abandoned its plan to acquire H&E Equipment Services, declining to increase its original offer of $3.4 billion for the rival construction equipment supplier.

February 18, 2025
Government, Business, Safety, Logistics, Private, Global Freight

Amazon Workers Seek $30 an Hour in North Carolina

Amazon employee organizers in Garner, N.C., won the right to hold an election this week to determine whether workers at the facility will be represented by an upstart union.

February 11, 2025
Business, Equipment, Logistics, Private, Top 100

Cemex CEO Fernando González to Step Down After 30 Years

González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.

February 10, 2025
Business, Technology, Equipment, Logistics, Private, Global Freight

Rivian Broadens Sales of Van Once Exclusive to Amazon

Rivian said it will sell its electric delivery van designed for Amazon to other customers, a move to boost revenue from fleet operators as consumer demand for battery-powered cars slows.

February 10, 2025
Business, Technology, Logistics, Private, Global Freight, Top 100, Top 50

Amazon Posts Strong Q4 Earnings, but Stock Dips on Q1 Outlook

Amazon on Feb. 6 reported better-than-expected revenue and profit for the holiday shopping period, but its share price dipped in after-hours trading due to disappointing guidance for Q1.

February 7, 2025
Business, For-Hire, Private

Beacon Roofing Rejects Hostile QXO Bid

Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.

February 6, 2025
Government, Business, Logistics, For-Hire, Private, Global Freight

Logistics Agents Put 30% Levy on Shein, Temu Retailers

Chinese retailers that sell on Shein and Temu have been asked by logistics agents to start paying an additional 30% levy after President Donald Trump hiked tariffs on goods imported to the U.S. 

February 6, 2025
Business, Technology, Fuel, Private

Cargill Buys Biofuels Supplier to Grow Beyond Grains

Agricultural commodities trader Cargill is boosting its renewable fuels and sugar operation in Brazil after a period of shrinking earnings as the price of corn and soybeans tumbled.

February 6, 2025
Business, Private, Top 100

Inflation, Pivot to Healthier Snacks Weigh on PepsiCo in Q4

PepsiCo said Feb. 4 that high prices and changing consumer tastes have weakened U.S. demand for its snacks and drinks but it’s confident it can turn that around in the coming year.

February 5, 2025
Government, Business, Logistics, Private, Global Freight

Amazon to Face Legal Action After Layoffs in Quebec

Amazon.com Inc.’s decision to close all seven of its warehouses in the Canadian province of Quebec and terminate more than 1,900 workers is prompting legal action from the affected union.

February 4, 2025