Business

Saia Inc. posted a 19.2% increase in profits in the first quarter of 2024 but undershot analyst and market expectations, even as key metrics improved.

GXO Logistics has completed its acquisition of the U.K.-based transport and logistics services company Wincanton, the company announced April 29.

Archer-Daniels-Midland Co.’s shares slumped as the agribusiness giant warned of pressured margins for the remainder of the year, even as quarterly earnings beat estimates.

Waabi Innovation opened a terminal in Lancaster, Texas, to serve as the center of the company’s operations in the state, which are at the heart of the self-driving truck specialist’s ambitions.

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Stellantis NV said its first-quarter revenue decreased 12% to $44.7 billion compared to last year as the company transitions to making a number of next-generation vehicles.

Air Products plans to build a network of hydrogen refueling stations between Edmonton and Calgary in Alberta for trucks, the industrial gas giant said.

Ryder System is opening a second multiclient logistics facility at a U.S.-Mexico port to take advantage of the recent nearshoring trend, the company announced April 29.

DB Schenker will carry out a pilot program testing Range Energy’s electrified dry van trailers in the second half of 2024, the startup said.

DETROIT — In the not-too-distant future, automatic emergency braking will have to come standard on all new passenger vehicles in the United States.