Business

UPS Inc. on March 12 announced a leadership succession plan that named former Home Depot Chief Financial Officer Carol Tomé as the company’s next CEO, succeeding David Abney.

XPO Logistics is acquiring the majority of the United Kingdom-based contract logistics operations of Kuehne + Nagel, according to a March 9 news release.

Officials at a pair of ports in Texas were awarded more than $39 million in federal grants to assist with expansion initiatives, the U.S. Department of Transportation announced March 10.

The annual New York auto show probably will be pushed back to August from April due to the coronavirus.

Newly released figures from some of the nation’s major ports show cargo volumes are slumping as they struggle to recover from the U.S.-China trade war and now the steep downturn in factory output from China in the aftermath of the coronavirus outbreak.

International Truck, a unit of Navistar Inc., announced a new lightweight spec for its HV50B mixer package that removes 1,000 pounds from the vehicle, and is intended to allow drivers to haul up to 9.75 cubic yards of concrete while staying under 66,000 gross vehicle weight rating.

Mack Trucks announced its active steering system, Mack Command Steer, will be available for ordering in its Granite axle-back vocational models in the third quarter.

Mercedes-Benz, a unit of Daimler AG, announced March 10 extensively upgraded versions of its diesel-powered Vito van available for ordering in Europe now and its battery electric eVito model available for ordering this summer.

Boston is home to the Pats, the Sox and wicked traffic. A report published March 9 determined Beantown’s average driver spent nearly 150 hours a year stuck in traffic, good enough to be named the most congested city in the country and ninth in the world.

New Jersey is pushing for higher passenger-vehicle tolls this year — and regular increases in the future — to pay for improvements to its Turnpike and Garden State Parkway.