News

Volkswagen Group will spend C$69 million ($48.1 million) on a 9.9% stake in lithium miner Patriot Battery Metals to secure raw materials for electric vehicles.

DETROIT — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after auto industry comments.

Two separate purchase agreements representing $192.5 million of Yellow Corp.’s real estate were blessed by a federal bankruptcy judge in Delaware on Wednesday. Richmond, Virginia-based less-than-truckload carrier Estes is…

As generative AI rapidly transforms from a novelty into a necessary tool, it presents extraordinary opportunities for growth and improvement in logistics – but only if freight companies can feed their AI language models with…

XIAMEN, China — The world’s largest maker of batteries for electric vehicles said Dec. 18 it will get into battery swapping in China in a big way starting next year.

WASHINGTON — The Federal Reserve cut its key interest rate Dec. 18 by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

Ryder System promoted Chief Financial Officer John Diez to president and chief operating officer effective Jan. 1, the Miami-based company said.

Tender rejection rate rises as holidays approach The tender rejection rate has risen steadily since early October despite tender volume declining. That implies that capacity is leaving the market, which is leading to a…