RXO Inc. Acquires UPS’s Coyote Logistics for Over $1 Billion
RXO Inc. acquires United Parcel Service Inc.’s Coyote Logistics for over $1 billion, becoming the third-largest provider of brokered transportation services in North America. The acquisition will be financed through a combination of equity and debt, with significant investments from MFN Partners and Orbis Investments. CEO Drew Wilkerson is optimistic about the potential synergies and customer base expansion. Annual cost synergies of $25 million are expected, with Goldman Sachs Group Inc. advising on the deal.
Record Number of Travelers Expected for July 4th Week
Nearly 71 million people are expected to travel over the July 4th week, surpassing pre-pandemic levels. AAA projects a record-breaking 60.6 million travelers will journey by car, with gas prices lower than last year. Air traffic is also anticipated to reach a new high, with 5.74 million individuals flying to their destinations. Travelers are advised to plan ahead and take necessary precautions for a smooth travel experience.
SpaceX Prepares for Double-Header Falcon 9 Launch Tonight
SpaceX is preparing for an exciting double-header Falcon 9 launch, monitoring weather conditions for optimal success. With recent milestones and setbacks, the aerospace company is gearing up for two back-to-back missions less than six hours apart, showcasing their commitment to pushing the boundaries of space exploration.
50 Cent’s Lawsuit Against Taco Bell Over ‘Why Pay More?’ Campaign
Learn about the legal battle between rapper 50 Cent and Taco Bell over the unauthorized use of his name in a marketing campaign. Find out how the lawsuit was settled and the implications for celebrities in similar disputes with major brands.
SpaceX Dominates Worldwide Spacecraft Launch Industry in First Quarter
SpaceX continues to dominate the spacecraft launch industry, launching 525 out of the world’s 626 spacecraft in the first quarter of the year. With a significant lead over competitors, SpaceX also outshined in terms of weight, launching approximately 429,125 kilograms compared to CASC’s 29,426 kilograms and Roscosmos’ 23,782 kilograms. Analysts highlight SpaceX’s industry leadership, with the company leading the pack in launches. Florida has seen a surge in orbital launches, with SpaceX accounting for the majority. Starlink, SpaceX’s high-speed internet network, recently expanded to Sierra Leone, marking the 100th country served by the network.
Duke University Researchers Make Groundbreaking Discovery in Rare Muscle Diseases Study
Biomedical engineers at Duke University have developed a new technique to grow 3D muscle tissue from stem cells, shedding light on the rare muscle disease LGMD2B. This groundbreaking discovery offers hope for potential treatments in the future.
Evolutionary Study Uncovers Potential Non-Addictive Pain Management Solutions
Recent study explores non-addictive alternatives for pain management by focusing on the evolution of a human protein responsible for cold sensations. By understanding the chemical sensing of cold versus physical sensation, researchers aim to develop side-effect-free pain medications, offering hope for effective relief without the risks of addiction or overdose.
Asus Commits to Significant Improvements in US Warranty Service Following Discussions with Gamers Nexus
Asus has agreed to significant improvements in its US warranty service following discussions with Gamers Nexus, including the establishment of a dedicated team to address customer issues and a new US-based support center. The collaboration between Gamers Nexus and Asus at Computex 2024 highlighted the importance of addressing consumer concerns, leading to concrete steps such as a dedicated email address for mishandled RMAs and a commitment to address product issues like SD card overheating in the ROG Ally.
New Evidence Supports Younger Dryas Impact Hypothesis
Discover the controversial Younger Dryas impact hypothesis and how it may have led to the extinction of wooly mammoths. Archaeologist Christopher Moore and his colleagues believe they have found evidence of a cometary impact around 12,800 years ago, based on minerals with unique properties found in sediment layers across the globe.
Elden Ring: Shadow of the Erdtree Expansion Released
Discover the latest Elden Ring expansion, Shadow of the Erdtree, and delve into the world of Hidetaka Miyazaki. Learn about his journey from FromSoftware president to blockbuster game developer, selling 25 million copies of his magnum opus. Explore Miyazaki’s commitment to innovation and excellence, as seen in the captivating landscapes and challenging gameplay of the new expansion. Join the adventure in the Lands of Shadow and experience the visionary design that has captivated fans worldwide.