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The Stockholm-based autonomous driving startup will combine with special purpose acquisition company Legato Merger and is set to raise $319 million in the process, the company said Nov. 12.

“What you’re seeing right now clearly is something of a relief rally when people have been pretty negative on the prospects for both FedEx and UPS,” said Ari Rosa, an analyst at Citigroup.

J&R Schugel celebrated its 50th anniversary in 2024 and became 100% employee owned in 2014. The merger was effective Oct. 31.

For companies that make technology subject to Commerce Department licensing, the expected pause offers a welcome reprieve from a policy they viewed as a massive compliance headache.

President Donald Trump's return to the White House in January kicked off a roller coaster year for manufacturers, retailers and other U.S. industries dependent on goods from abroad.

The U.S. shutdown means air traffic controllers are about to miss their second paycheck. This past weekend, the FAA posted notices of large areas of airports or airspace that faced delays.

Transport Topics’ updated lists of the busiest container ports and cargo airports in North America provide a fresh look at the continent’s most important hubs for ocean and air cargo.

The world’s largest transportation and logistics providers have been operating in a highly volatile business environment as tariffs and shifting trade policies have altered international freight flows.

Global freight flows have entered a period of transformation as the U.S.-led trade war and other policy changes have upended the business landscape for international shipping.

“To lawfully operate a commercial motor vehicle in Oklahoma, you must be here legally and you must be able to understand English," Gov. Kevin Stitt said in a Nov. 4 statement.