Logistics

Workhorse Group Inc. shares plunged Sept. 22 to their lowest since May after the embattled electric vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered.

FedEx Corp. reported an increase in revenue for its fiscal first quarter, but said rising costs affected bottom-line results for the period.

Truck tonnage in August notched its first sequential monthly gain in five months, and dipped just slightly on a year-over-year basis, American Trucking Associations said.

A.P. Moller-Maersk A/S is heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country, Denmark.

FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a “challenging operating environment.”

Ports operating in the U.S.’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes.

Union Pacific CEO Lance Fritz is working to help clear up a major backlog in imported shipments.

Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.

An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring an unprecedented surge in costs for transporting manufactured goods.

Caterpillar Inc. is having a tough time getting the materials it needs from suppliers facing a labor crunch, adding another hurdle for the machinery maker already has said a global chip shortfall may keep it from fully meeting demand this year.