Latest News Updates From Richard Clough

For-Hire

UPS Bolsters Health Unit With $1.6 Billion Deal for Andlauer

UPS Inc. agreed to acquire Canada’s Andlauer Healthcare Group Inc. for $1.6 billion, building out the package handler’s growing business transporting goods for health care customers.

April 24, 2025
Government, Business, Logistics, Global Freight

US Postal Service Resumes Accepting Packages From China

The U.S. Postal Service on Feb. 5 said it’s accepting “all international inbound mail and packages” from China and Hong Kong Posts, hours after the agency announced a halt on some shipments.

February 5, 2025
Government, Business, Technology, Safety, Autonomous

NHTSA Investigates Tesla’s Driverless Vehicle-Summon Feature

Tesla is under federal scrutiny over concerns that a newly released driver-assistance feature could result in crashes.

January 7, 2025
Business, Private, Top 100

Mondelez Approves $9 Billion Buyback After Hershey Report

Mondelez International approved a stock repurchase authorization of as much as $9 billion, days after a report that the company was exploring an acquisition of chocolate maker Hershey.

December 11, 2024
Government, Business, Fuel

Tesla, Rivian Drop on Report Trump Wants to End EV Credit

U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

November 14, 2024
Business, Technology, Equipment

Fisker Stops Production for Six Weeks

Fisker Inc. is pausing production for the next six weeks as the electric vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy.

March 18, 2024
Business, Technology, Equipment

Nikola Lowers 2023 Delivery Target

Nikola Corp. fell in early trading after the maker of electric big rigs warned it may not reach its full-year delivery target as it grapples with fallout from recent battery incidents.

August 21, 2023
Business, Logistics

Norfolk Southern to Buy Cincinnati Rail Line for $1.62 Billion

Norfolk Southern Corp. agreed to acquire Cincinnati Southern Railway, tightening the company’s grip on a critical 337-mile line it already operates under a lease agreement.

November 21, 2022
Business, Logistics, Top 100

UPS to Buy $1.5 Billion of Boeing Freighters as Air Cargo Booms

UPS Inc. agreed to buy 19 Boeing Co. freighter jets as soaring e-commerce and snarled shipping lines lead to a boom in air-cargo demand.

December 21, 2021
Business

Elon Musk Named Time’s Person of the Year

Elon Musk was named Time magazine’s “Person of the Year,” capping a run during which the head of Tesla Inc. solidified his standing as the world’s richest person and turned his onetime electric vehicle startup into a $1 trillion company.

December 13, 2021