Category: Business
Prologis Reports Q3 2023 Results, Outperforms Market Expectations
SAN FRANCISCO, CA – Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, has released its third-quarter results for 2023, surpassing market expectations. In the latest report, Prologis revealed that net earnings per diluted share for the third quarter of 2023 were $0.80, a notable performance compared to $1.36 for the same period…
Kawasaki to Inject $200 Million into New Manufacturing Facility in Northern Mexico, Paving the Way for 1000+ Jobs
In an exciting development, Kawasaki, a prominent Japanese corporation renowned for its motorcycles and industrial engines, is gearing up to channel approximately $200 million into the establishment of a cutting-edge manufacturing facility in the northern region of Mexico. This significant investment is poised to usher in over 1,000 job opportunities, further fortifying the economic landscape…
President Biden Announces $7 Billion Investment in Clean Hydrogen Hubs
Washington, D.C. — President Biden, alongside U.S. Secretary of Energy Jennifer M. Granholm, unveiled a groundbreaking initiative on October 13th as part of his Investing in America agenda. The U.S. Department of Energy (DOE) has committed $7 billion to establish seven Regional Clean Hydrogen Hubs (H2Hubs) across the nation, marking a significant stride toward accelerating…
Flexport Announces Major Workforce Reduction Amid Recent Chain of Events
Flexport’s CEO, Ryan Petersen, announced the decision to cut approximately 20% of the company’s global workforce, a mere five weeks after Petersen’s appointment following the ousting of former CEO Dave Clark and the dismissal of several top executives. The decision reflects the company’s financial struggles in a challenging economic environment. Petersen reassured customers that the restructuring would not compromise service quality, emphasizing Flexport’s commitment to being a reliable partner in the supply chain industry. This development raises questions about the future of Flexport and its employees as it navigates a tumultuous period.
Unifor and General Motors Reach Tentative Agreement, Ending Strike
Toronto – Unifor and General Motors have successfully negotiated a tentative agreement following strike actions at three crucial facilities, namely the Oshawa Assembly Plant, St. Catharines Powertrain Plant, and Woodstock Parts Distribution Centre. The breakthrough in negotiations, which Unifor National President Lana Payne credited to the unwavering solidarity of its members, is poised to bring…