Business

UPS Inc., fueled by demand from e-commerce giant Amazon.com, on Jan. 30 reported a gain in fourth-quarter profit on an adjusted basis and in revenue while noting a one-time charge that dragged net results.

Navistar International Corp. said it has received an unsolicited buyout offer from its European truck partner Traton SE — which is owned by Germany’s Volkswagen AG — in a $35 per share cash offer.

The World Health Organization declared the coronavirus outbreak that started in China a global emergency Jan. 30 after the number of cases worldwide spiked more than tenfold in a week.

Toll charges have increased significantly over the past decade, and continue to have a major impact on trucking financial results, according to a new study by American Transportation Research Institute.

Automakers probably will dial back production by 15% in China this quarter after extending holiday shutdowns due to the potentially deadly coronavirus, a top supplier said.

Oil traders in Asia are expecting refineries to cut operating rates and extend shutdowns as the spread of coronavirus stops people from flying or traveling by road.

STG Logistics has hired Paul Svindland as CEO, the Chicago-based company announced Jan. 28.

Amazon says a new 450,000-square-foot warehouse leased in Bloomfield will be used as a delivery station that will help speed up deliveries to local residents.

UPS and Waymo announced Jan. 29 a pilot program for autonomous vehicle package pickup in Phoenix.

The trucking industry has experienced a robust acquisitions market over the past year that shows no signs of stopping.