A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.
December 10, 2024Search
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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
Mondelez’s Takeover of Hershey Would Rank as Top 2024 Deal
Snack-food giant Mondelez International’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top M&A deal.
December 10, 2024GXO CEO Wilson to Step Down as Company Spurns Sale Offers
GXO Logistics announced Dec. 3 that CEO Malcolm Wilson plans to retire in 2025, but he will continue to lead the company during the search for a successor.
December 3, 2024Tyson to Shut Kansas Plant as US Beef Shortage Erodes Profit
Tyson Foods will shut a meat plant in Kansas next year, eliminating 809 jobs, as the company seeks to slash costs amid a downturn in the beef industry.
December 2, 2024Trucking CFOs, Leaders Eye 2025 Recovery With Tight Budgets
Carriers are grappling with a tough freight market, relying on cost-cutting measures, operational efficiency and strategic revenue opportunities to stay ahead.
December 2, 2024Kenan Advantage Expands Dry Bulk With Two November Deals
North Canton, Ohio-based KAG has expanded its dry bulk transportation services with two acquisitions, strengthening its logistics capabilities across North America.
November 25, 2024Roadrunner Owner Sells Majority Stake to CEO Jamroz, Partner
A private equity vehicle led by Roadrunner Freight CEO Chris Jamroz bought a majority ownership stake in the less-than-truckload carrier from Elliott Investment Management.
November 25, 2024Schneider Acquiring Cowan Systems in $390 Million Deal
Schneider is acquiring Baltimore-based Cowan Systems in a $390 million deal that will expand the carrier’s dedicated trucking services. The transaction is set to close by the end of 2024.
November 25, 2024Quikrete Secures $9.2 Billion for Summit Materials Deal
The package is among the largest seen since 2022, when the Federal Reserve began lifting interest rates, ending the easy-money era.
November 25, 2024Walmart Outshines Rivals With High Employee Bonuses
Walmart Inc.’s corporate employee bonuses are set to surpass targets again this year as the company’s stock soars and sales outperform its retail rivals.
November 22, 2024