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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.

“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.

J.B. Hunt has 200 compressed natural gas trucks, most of which have 12-liter engines. Over the past 12 months, the carrier introduced 15-liter RNG engines to its fleet.

The Tennessee-based ground transportation and logistics services provider posted a net loss of $23.8 million, or negative 52 cents a diluted share, for the three months ending Sept. 30.

Dutch PM Dick Schoof said China agreed to resume deliveries of Nexperia chips from plants in the country, signaling a possible breakthrough in a clash that risked disrupting auto production.