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The transportation sector saw merger and acquisition activity gain momentum as market conditions stabilized in the second half of 2024, according to experts.

Purolator, which specializes in package delivery and is majority owned by Canada Post, sees the deal as an international growth play, particularly as the threat of trade wars grows.

U.S. aviation safety regulators are slowing the rate of arrivals at Ronald Reagan airport to help ease the strain on air traffic controllers after last week's deadly midair collision.

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Aurora Innovation Inc. challenged a FMCSA decision to deny the company an exemption to a rule which requires hazard warnings to be placed on the road, even for self-driving trucks.   

Panama President Jose Raul Mulino denied that his government had granted free passage for U.S. government ships through the Panama Canal.

The Promoting Resilient Supply Chains Act, reintroduced by Sens. Maria Cantwell (D-Wash.) and Marsha Blackburn (R-Tenn.), gained bipartisan approval from the Commerce Committee.

Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.

The Greenwich, Conn.-based less-than-truckload carrier posted net income of $76 million, compared with $58 million during the same time the previous year.

Substantial change is expected in the U.S. less-than-truckload sector in 2025, according to market observers and executives, headed by the long-awaited freight market turnaround.