Business

GXO Logistics saw revenue grow 19% in the second quarter of 2024 to $2.85 billion. However, the contract logistics firm reported a drop in net income to $39 million from $66 million in 2023.

Negotiations to avert a major railroad strike in Canada will resume Aug. 7 after talks between the three parties were stalled for months.

Few issues are of greater importance to our industry than the rights of independent truckers. Unfortunately, special interests are fully invested in taking those rights away.

Caterpillar said its annual profit will probably be higher than previously expected, as the company reported Q2 earnings that showed resilience despite worries about the global economy.

New York City officials plan to launch an automated enforcement weigh-in-motion program for inbound Staten Island traffic after it proved successful on the Brooklyn-Queens Expressway.

SK Hynix is set to receive an initial $450 million in U.S. grants and $500 million in loans to build an advanced chip packaging and research facility in Indiana.

Uber Technologies Inc. reported better-than-expected orders in the second quarter, underscoring the continued strength in demand for rideshare and delivery services.

CSX railroad’s second-quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports.

Lucid Group will get a cash infusion of as much as $1.5 billion from an affiliate of Saudi Arabia’s Public Investment Fund, the second time this year the EV maker has received much-needed funding.

In a show of bipartisanship, senators voted to inject billions into the nation’s ports, dams and canals, passing a sweeping water infrastructure bill.