Costco Wholesale Corp. reported adjusted earnings of $4.93 per share for its fiscal third quarter ended May 10, 2026, beating analyst expectations. The company’s store visits and spending per trip increased, while its membership renewal rate reached 89.7%, according to filings. … Read more
U.S. law enforcement has dismantled multiple alleged cargo-theft rings operating online, with stolen freight resold through Facebook Marketplace, eBay, and the live-streaming marketplace Whatnot. Police say transnational crime groups are flooding online platforms with high-value, easily redistributed goods, turning logistics hubs … Read more
The United States Postal Service (USPS) has suspended discretionary spending across the organization due to a temporary cash-flow shortage. Postmaster General David Steiner announced the move in a memo to employees, citing the need to manage available resources responsibly. The restrictions … Read more
The U.S. Surface Transportation Board (STB) has accepted Union Pacific and Norfolk Southern’s $72 billion merger application but paused its review pending additional information, giving the companies until July 27 to address competition and public-benefit concerns. Shares of both railroads plummeted—Union … Read more
ArcBest has rolled out ArcBest View, a new digital logistics platform designed to centralize shipment management across its services. Launched on May 27, the platform allows customers to quote, book, and manage shipments in a single interface while providing real-time visibility … Read more
The United States Postal Service (USPS) has signed a multiyear parcel delivery contract with the e-commerce arm of global courier DHL. Under the agreement, USPS will handle final delivery to homes for DHL, leveraging its nationwide network. The deal is expected … Read more
Tyson Foods Inc. has appointed longtime board member Jeff Schomburger as its new president and CEO, effective October 4, 2026, replacing Donnie King who will step down after 43 years with the company. King will remain on Tyson’s board and assist … Read more
UK biotech firm QuberTech has closed a £3.4 million (€3.9 million) funding round combining grant support and equity investment to advance its dandelion-derived natural rubber platform and scale commercial operations. The round was led by UKI2S, managed by Future Planet Capital, … Read more
South Korea’s HS Hyosung Advanced Materials has deepened its commitment to US-based Trillium Renewable Chemicals by leading a $13 million (€11 million) Series B funding round. The investment follows Hyosung’s existing stake in Trillium since 2022 and positions the Korean conglomerate … Read more
Taiwanese carbon black giant CSRC International Corp. is accelerating its pivot away from commoditised rubber grades toward speciality materials, citing persistent oversupply and brutal price competition in the traditional carbon black sector. In a 26 May shareholders’ meeting report, the group—parent … Read more