Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.

Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.

After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.

Congressional policymakers formally kicked off negotiations on comprehensive legislation meant to facilitate domestic production of semiconductors and improve the movement of freight at ports.

Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.

FRANKFURT, Germany — Swedish carmaker Volvo has signed a deal to supply 44 new electric trucks to German delivery firm Deutsche Post DHL to support its zero-emission targets, both companies announced May 12.

NEW YORK — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island.

HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.

XPO Logistics Inc. reported its highest revenue of any quarter in its history May 9 for the first quarter of 2022.

Labor Secretary Marty Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.