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Business, Private

PepsiCo’s Q2 Profits Jump, but Demand Continues to Slip

PepsiCo reported higher-than-expected earnings in the second quarter but customer demand for its snacks and drinks continued to slip.

July 11, 2024
Business, Private

Costco Hikes Annual Membership Fee for First Time Since 2017

Costco Wholesale Corp. is boosting its basic membership fee for the first time since 2017, raising the charge to $65 a year from $60.

July 10, 2024
Business, Private

ADM Taps 3M CFO as Troubled Trader Seeks Return to Normalcy

Archer-Daniels-Midland Co. — working to put an accounting scandal behind it — has hired a 3M Co. executive to oversee its finances and help restore its credibility with shareholders.

July 10, 2024
Business, Technology, Logistics, Private, Global Freight

Amazon Says Its Carbon Emissions Fell in 2023

Amazon.com Inc. says its carbon emissions fell for a second straight year in 2023 as the company cut spending on new warehouses and cloud-computing data centers.

July 10, 2024
Government, Business, Private

Kroger, Albertsons Unveil Stores to Be Divested Before Trial

Kroger Co. released the full list of stores, distribution centers and plants it plans to divest to secure regulatory approval for the proposed merger with Albertsons Cos.

July 9, 2024
Business, Technology, Private

Samsara Extends Tracking to Small, High-Value Assets

CHICAGO — Connected fleet technology provider Samsara has launched a new tracking device for small assets and is adding new features to enhance driver safety.

July 1, 2024
Business, Private

Walgreens Woes Continue With Earnings Miss, Guidance Cut

Walgreens signaled that more store closings are on the way, missed earnings expectations for its third quarter and cut its annual forecast.

June 27, 2024
Business, Logistics, Private, Global Freight

Amazon Plans Discount Web Store to Counter Upstarts

Amazon.com Inc. plans to launch an online storefront for low-priced apparel and home goods, the company’s biggest move to date to counter the rise of discount upstarts like Temu and Shein.

June 26, 2024
Business, Logistics, Private, Global Freight

Amazon Is Shifting to Recycled Paper Filling for Packages

Amazon is shifting from the plastic air pillows used for packaging in North America to recycled paper because it’s more environmentally sound, and it says paper just works better.

June 20, 2024
Business, Logistics, For-Hire, Private

Efficient Use of Space Is Key in Weak Freight Market: Study

Over-the-road carriers waiting for an upturn in the freight cycle must make the most efficient use of their trucks’ space to best ride out ongoing market weakness, according to CSCMP.

June 18, 2024