Latest news with #Pennsylvania-headquartered
Yahoo
09-07-2025
- Automotive
- Yahoo
How A. Duie Pyle prepared for the upcoming LTL classification shift
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. The National Motor Freight Classification changes for LTL shipments will go live July 19, 2025 and carriers such as A. Duie Pyle have been preparing for it. The industry has had ample time to adjust to the upcoming changes from the National Motor Freight Traffic Association's overhaul, as they've been working on it for several years. The changes will focus on density, so denser shipments will become cheaper while less dense ones will become more expensive. 'I believe the carriers are ready for the change to the extent they can,' John Luciani, A. Duie Pyle COO of LTL solutions, told Trucking Dive in an interview. To prepare for the upcoming changes this month from the NMFTA, Luciani said A. Duie Pyle has been very active by participating in the association's meetings and adding more dimensioners in anticipation of the classification changes. A. Duie Pyle is using the Cubiscan 1200 model. The device hangs on the ceiling, a shipment is placed into a box and the dimensioner scans and takes a picture of the freight. The picture is able to help calculate the cube of the shipments and loads the figure onto the company's ERP system, Luciani said. The Pennsylvania-headquartered company was already using these devices in its largest service centers but they did invest more in anticipation to the NMFC changes. The carrier is adding 12 more dimensioners to 22 currently in its network, Luciani told Trucking Dive. It also added second units in its larger service centers to reduce delay and travel time in its dock operations, he noted. Although not new, the company also has a research department that will aid in the upcoming changes. 'We have experts as it relates to understanding classification, the current classification system. Whether it's an item that's class 55 that has a sub item, we have a number of freight inspectors in the company that are experts in that area,' Luciani said. The members in that department handle weights and inspections. The company weighs about 85% of every outbound shipment and does dimensions to about 50% of every outbound shipment that moves in the company on a nightly basis. The impact to the industry may vary but Luciani doesn't expect any significant hangups during the first round of changes from the NMFTA. A. Duie Pyle has advised its customers that the NMFC changes are going to be a revenue-neutral event, he said. 'I don't expect a customer to tell me, 'Hey, you know, with this change, my freight bill is going to go down $40 a shipment,'' Luciani said. Or conversely, he doesn't expect to call customers and tell them their freight bills are going up $40 a shipment. 'We're a privately held, family-owned business. We have had the same family ownership all 101 years. Our pricing strategy, it's always been to charge, provide a very super competitive service, an industry leading service,' Luciani said. 'I don't expect these changes to be to be very significant, at least initially,' he added. Recommended Reading How shipping costs will change in upcoming LTL classification shift Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Madrigal Pharmaceuticals Closer to EU Approval for First MASH Treatment, Rezdiffra
Madrigal Pharmaceuticals Inc. (NASDAQ:MDGL) is one of the best biotech stocks to invest in now. On June 20, Madrigal Pharmaceuticals moved closer to introducing the first treatment for metabolic dysfunction-associated steatohepatitis/MASH in Europe. The European Medicines Agency's Committee for Medicinal Products for Human Use issued a positive opinion recommending the approval of Rezdiffra (resmetirom). Although the European Commission is not obligated to follow this recommendation, a final decision is anticipated in August 2025. Following this announcement, shares of Madrigal (MDGL) opened 0.5% higher on June 20. The Pennsylvania-headquartered company has a market capitalization of ~$6.3 billion and also has a therapy portfolio for cardiovascular and metabolic diseases. A scientist examining the results of a Phase III clinical trial for non-alcoholic steatohepatitis. Rezdiffra is already approved and available in the US for adults with noncirrhotic MASH who have moderate to advanced liver fibrosis. If approved in Europe, Rezdiffra would hold the same indication. Madrigal secured accelerated approval from the US FDA for Rezdiffra in March 2024, making it the first MASH treatment in the US market. MASH is a form of non-alcoholic fatty liver disease/NAFLD and is a significant health concern, being the leading cause of liver transplantation in women and the second leading cause of all liver transplantations in the US. Madrigal Pharmaceuticals Inc. (NASDAQ:MDGL) is a biopharmaceutical company that delivers novel therapeutics for metabolic dysfunction-associated steatohepatitis/MASH in the US. While we acknowledge the potential of MDGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Qatar Tribune
25-05-2025
- Business
- Qatar Tribune
Trump greenlights Nippon Steel ‘partnership' with US Steel
Agencies U.S. President Donald Trump on Friday threw his support behind a new 'partnership' between U.S. Steel and Japan's Nippon Steel, sending the American firm's share price skyrocketing on hopes of an end to the long-running saga over foreign ownership of a key national asset. While the details of the deal remained unclear, the Pennsylvania-headquartered firm's share price popped after Trump took to Truth Social to hail the new arrangement, closing up more than 21 percent and then rising further in after-hours trading. 'US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,' Trump said in his social media post. He added that the new 'planned partnership' between U.S. Steel and Japan's Nippon Steel would create at least 70,000 jobs and add $14 billion to the U.S. economy. Trump's remarks are the latest in a long saga which began in December 2023, when U.S. Steel and Nippon Steel announced plans for a $14.9 billion merger. That deal was bitterly opposed by unions in part because it would have transferred ownership of the critical asset to a foreign company. In a statement, Nippon Steel said it 'applauds' the bold action taken by Trump, adding it shared the administration's 'commitment to protecting American workers, the American steel industry, and America's national security.' U.S. Steel praised Trump's 'bold' leadership on the deal, noting that it would 'remain American' and expand in size due to the 'massive investment' that Nippon would make over the next four years as part of the deal. Neither the White House nor the two companies, have so far published the details of the new United Steelworkers' union (USW), which represents U.S. Steel employees and has long opposed the deal, said on Friday that it could not 'speculate' on the impact of Trump's announcement without more information about the deal. 'Our concern remains that Nippon, a foreign corporation with a long and proven track record of violating our trade laws, will further erode domestic steelmaking capacity and jeopardize thousands of good, union jobs,' USW International President David McCall said in a statement shared with acquisition of U.S. Steel was originally meant to close by the end of 2024's third financial quarter, but was then held up by former President Joe Biden, who blocked it in his last weeks in office on national security grounds. Trump previously opposed Nippon Steel's takeover plan, calling for U.S. Steel to remain domestically owned. But he has since softened his tone and has suggested he is open to some form of investment from Nippon. The U.S. president recently ordered his own review of the existing deal, directing the government's Committee on Foreign Investment in the United States (CFIUS) to look into the proposed acquisition.
Business Recorder
24-05-2025
- Business
- Business Recorder
Trump greenlights Nippon Steel ‘partnership' with US Steel
WASHINGTON: US President Donald Trump on Friday threw his support behind a new 'partnership' between US Steel and Japan's Nippon Steel, sending the American firm's share price skyrocketing on hopes of an end to the long-running saga over foreign ownership of a key national asset. While the details of the deal remained unclear, the Pennsylvania-headquartered firm's share price popped after Trump took to Truth Social to hail the new arrangement, closing up more than 21 percent and then rising further in after-hours trading. 'US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,' the US president said in his social media post. He added that the new 'planned partnership' between America's US Steel and Japan's Nippon Steel would create at least 70,000 jobs and add $14 billion to the US economy. Nippon Steel to invest $4 billion for new US Steel mill in $14 billion package, document says Trump's remarks are the latest in a long saga which began in December 2023, when US Steel and Nippon Steel announced plans for a $14.9 billion merger. That deal was bitterly opposed by unions in part because it would have transfered ownership of the critical asset to a foreign company. 'Massive investment' In a statement, Nippon Steel said it 'applauds' the bold action taken by Trump, adding it shared the administration's 'commitment to protecting American workers, the American steel industry, and America's national security.' US Steel praised Trump's 'bold' leadership on the deal, noting that it would 'remain American' and expand in size due to the 'massive investment' that Nippon would make over the next four years as part of the deal. Neither the White House nor the two companies, have so far published the details of the new partnership. The United Steelworkers' union (USW), which represents US Steel employees and has long opposed the deal, said on Friday that it could not 'speculate' on the impact of Trump's announcement without more information about the deal. 'Our concern remains that Nippon, a foreign corporation with a long and proven track record of violating our trade laws, will further erode domestic steelmaking capacity and jeopardize thousands of good, union jobs,' USW International President David McCall said in a statement shared with AFP. Nippon's acquisition of US Steel was originally meant to close by the end of 2024's third financial quarter, but was then held up by former president Joe Biden, who blocked it in his last weeks in office on national security grounds. The two firms then filed a lawsuit against the Biden administration's 'illegal interference' in the transaction. Trump previously opposed Nippon Steel's takeover plan, calling for US Steel to remain domestically owned. But he has since softened his tone and has suggested he is open to some form of investment from Nippon. The US president recently ordered his own review of the existing deal, directing the government's Committee on Foreign Investment in the United States (CFIUS) to look into the proposed acquisition. CFIUS, tasked with analyzing the national security implications of foreign takeovers of US companies, was given 45 days to submit its recommendations to Trump.
eNCA
24-05-2025
- Business
- eNCA
Trump greenlights Nippon Steel 'partnership' with US Steel
WASHINGTON - US President Donald Trump threw his support behind a new "partnership" between US Steel and Japan's Nippon Steel, sending the American firm's share price skyrocketing on hopes of an end to the long-running saga over foreign ownership of a key national asset. While the details of the deal remained unclear, the Pennsylvania-headquartered firm's share price popped after Trump took to Truth Social to hail the new arrangement, closing up more than 21 percent and then rising further in after-hours trading. "US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh," the US president said in his social media post. He added that the new "planned partnership" between America's US Steel and Japan's Nippon Steel would create at least 70,000 jobs and add $14 billion to the US economy. Trump's remarks are the latest in a long saga which began in December 2023, when US Steel and Nippon Steel announced plans for a $14.9 billion merger. That deal was bitterly opposed by unions in part because it would have transfered ownership of the critical asset to a foreign company. In a statement, Nippon Steel said it "applauds" the bold action taken by Trump, adding it shared the administration's "commitment to protecting American workers, the American steel industry, and America's national security." US Steel praised Trump's "bold" leadership on the deal, noting that it would "remain American" and expand in size due to the "massive investment" that Nippon would make over the next four years as part of the deal. Neither the White House nor the two companies, have so far published the details of the new partnership. The United Steelworkers' union (USW), which represents US Steel employees and has long opposed the deal, said on Friday that it could not "speculate" on the impact of Trump's announcement without more information about the deal. "Our concern remains that Nippon, a foreign corporation with a long and proven track record of violating our trade laws, will further erode domestic steelmaking capacity and jeopardize thousands of good, union jobs," USW International President David McCall said in a statement shared with AFP.
