Blackstone Group agreed to acquire Gramercy Property Trust, which owns industrial real estate in the United States and Europe, in a cash deal valued at $7.6 billion.

Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.

Canadian National Railway plans to purchase 350 73-foot center beam railcars to meet the growing demand for transporting lumber products, the Montreal-based railroad announced May 2.

XPO Logistics Inc. reported on May 2 that its first-quarter results vaulted more than 100%, stemming from the heightened demand from domestic freight and last-mile delivery.

C.H. Robinson Worldwide reported strong revenue growth and higher profits in the first quarter of 2018 and said it expects strong demand and tight capacity conditions to continue through the rest of the year.

The Trump administration sought to temper expectations for a swift breakthrough on trade issues with China as a delegation of senior U.S. officials prepares to visit Beijing this week.

Leaders of Teamsters Local 830, whose members load, drive and deliver drinks from breweries and soda plants in the Philadelphia area, said members are ready to strike to preserve their pensions as tough negotiations with Coca-Cola’s new regional affiliate face an impasse over continued funding for the workers’ pension plan.

FedEx Corp. has begun delivering packages in upstate New York with its first hydrogen-powered van in North America.

In a ruling that could change the workplace status of people across the state, the California Supreme Court made it harder April 30 for employers to classify their workers as independent contractors.

Transportation industry veteran John Smith will become president and CEO of FedEx Freight on Aug. 16, moving up from his position as senior vice president of operations at the FedEx Corp. subsidiary.