The rollback plans were reported earlier by the Financial Times. Aluminum and other metals fell following the report, while shares of U.S. steelmakers and aluminum producers sank.
DP World named Yuvraj Narayan as the new CEO and Essa Kazim as chairman, it said in a statement on Feb. 13. DP World has activities in 83 countries, including logistics sites in the U.S.
First Brands is considering Chapter 7 liquidation for some units as cash shortages intensify. Mediation continues over collateral disputes and the impact of fraud allegations on the restructuring.
S&P Global Mobility expects North American Class 8 production to rise in 2026 as freight conditions stabilize and replacement demand strengthens. OEMs see improving orders and clearer EPA NOx rules ...