• XPO Opens Largest Service Centers by Door Count, Acreage

    XPO Opens Largest Service Centers by Door Count, Acreage

    XPO Logistics has recently inaugurated its largest service center in Kernersville, North Carolina. This center, which has 333 doors and occupies 265,000 square feet on a 70-acre site, began freight operations in May. XPO's president for the eastern division, Tim Staroba, refers to Kernersville as a ...

  • Lower UK-US Car Tariffs Take Effect

    Lower UK-US Car Tariffs Take Effect

    U.K. car manufacturers will benefit from a new 10% tariff on exports to the U.S., effective June 30, a decrease from the previous 25% rate imposed by the Trump administration. This change is part of a broader economic agreement between U.S. President Biden and U.K. Prime Minister Keir Starmer. Briti...

  • UK Stands by Digital Tax After Canada Bows to Trump Pressure

    UK Stands by Digital Tax After Canada Bows to Trump Pressure

    The U.K. government has decided to maintain its digital services tax (DST) despite pressure from the U.S. during trade negotiations. This tax targets revenues generated from U.K. users by major tech companies, which has led to dissatisfaction among firms like Google, Meta, and Amazon. U.K. Prime Min...

  • Home Depot to Buy GMS at $4.3 Billion Value

    Home Depot to Buy GMS at $4.3 Billion Value

    Home Depot plans to purchase building products distributor GMS Inc. for approximately $4.3 billion through its subsidiary, SRS Distribution. This acquisition aims to enhance Home Depot's appeal to professional contractors, who generally spend more on materials than DIY consumers. The purchase comes ...

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