Revived Amazon Service for Sellers Competes With UPS, FedEx
Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic and that competes with carriers such as FedEx and UPS.
August 18, 2023Driverless EV Shuttle Set to Debut in Downtown Orlando
Starting later this month, an electric, self-driving shuttle operated by Beep Inc. will whisk passengers around a 1-mile loop in downtown Orlando for no charge, officials said Aug. 16.
August 16, 2023Auto Parts Maker Shinhwa Plans Expansion at Alabama Facility
MONTGOMERY, Ala. — An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey’s office announced Aug. 15.
August 16, 2023Home Depot Tops Expectations Again
ATLANTA — Home Depot topped profit and sales expectations in its most recent quarter, but sales continued to decline.
August 15, 2023Postal Service Reduces Air Cargo by 90% Over Two Years
WASHINGTON — The U.S. Postal Service has reduced its volume of shipments by aircraft by 90% over two years, putting the service on course to save $1 billion in annual transportation costs.
August 9, 2023Saudi Arabia Extends Oil Production Cut Through September
DUBAI, United Arab Emirates — Saudi Arabia said Aug. 3 it will extend its production cut of 1 million barrels of oil a day through the end of September in its effort to boost energy prices.
August 3, 2023BP Profits Are Cut in Half to $2.6 Billion
LONDON — Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first quarter as oil and natural gas prices have fallen.
August 1, 2023NHTSA Investigates Tesla Steering Control Complaints
The National Highway Traffic Safety Administration is looking into a dozen complaints about loss of steering control or loss of power steering in Tesla 2023 Models 3 and Y electric vehicles.
August 1, 2023Shell Earnings Top $5 Billion in Q2
LONDON — Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year.
July 27, 2023Stellantis Profits Soar 37% in First Half of Year
MILAN — Stellantis on July 26 reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe.
July 26, 2023