91ÊÓƵ

91ÊÓƵ Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.

U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.

CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.

Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.

After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.

Congressional policymakers formally kicked off negotiations on comprehensive legislation meant to facilitate domestic production of semiconductors and improve the movement of freight at ports.

Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.

FRANKFURT, Germany — Swedish carmaker Volvo has signed a deal to supply 44 new electric trucks to German delivery firm Deutsche Post DHL to support its zero-emission targets, both companies announced May 12.