The company will raise hourly pay for employees at the top of its pay scale over the next three years, CEO Ron Vachris wrote in a memo to staff this week that was viewed by Bloomberg News.
January 31, 2025Search
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Brian Antonellis of Fleet Advantage and TMC General Chairman Radu Mihai discuss the urgent need for targeted training programs for heavy-duty technicians that build a capable, future-ready workforce.Â
C.H. Robinson Reports 382% Earnings Jump for Q4
The Eden Prairie, Minn.-based logistics and shipping company on Jan. 29 posted net income of $149.3 million, or $1.22 a diluted share, for the three months ending Dec. 31.
January 30, 2025UPS Posts 1.5% Revenue Growth; Shares Fall on Amazon Deal
UPS Inc. experienced revenue and earnings growth despite a tougher freight market in the fourth quarter of 2024, the parcel delivery company reported Jan. 30.
January 30, 2025Cargill Cutting 1,100 Jobs With Arkansas Plant Closure
Cargill Inc. will shutter a turkey-processing plant in Arkansas, cutting about 1,100 jobs amid a downturn in both turkey and the broader agricultural sector.
January 29, 2025QXO’s Hostile Bid for Beacon Roofing Fuels M&A Optimism
M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.
January 29, 2025Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid
Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.
January 28, 2025Whole Foods CEO Buechel Named Amazon’s Grocery Chief
Buechel, a former management consultant, joined Whole Foods in 2013, and led efforts to unify the formerly decentralized chain’s technology and record-keeping systems.
January 28, 2025Trimac Buys Flatbed Specialist Watt & Stewart
Trimac Transportation acquired flatbed and specialized haulage carrier Watt & Stewart for an undisclosed sum.
January 27, 2025Covenant Logistics Q4 Profit Slides on Helene, Higher Costs
Covenant reported a profit of $6.7 million or earnings per diluted share of 24 cents in Q4, just over half the $12.8 million or 47 cents per diluted share profit posted in Q4 2023.
January 27, 2025Beacon Roofing Solicits Bids to Fend Off Brad Jacobs' QXO
Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.
January 24, 2025