Business

Virginia Gov. Glenn Youngkin said that a Belgium-based international logistics provider’s subsidiary is expanding its footprint in the state at its Norfolk facility.

Plans for a new highway connector from Illinois 3 in Fairmont City to Illinois 203 in Madison, Ill., are designed to improve traffic flow and help with logistics and industrial development.

Capitol Agenda: The Department of Transportation’s Freight Logistics Optimization Works program will unite public and private stakeholders to enable a more resilient freight network. 

Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.

Brad Jacobs, the billionaire who founded XPO Logistics, is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself.

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and endangering people in the vehicles.

A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles for the year and cost the company $1.7 billion in lost profits, the automaker said Nov. 30.

NanoGraf, a startup specializing in high-performance batteries made using silicon, is close to starting operations at a facility near Chicago’s central business district.

The departments of Treasury and Energy proposed new rules Dec. 1 that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit.

The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Nov. 30, expanding some output cuts into next year.