Logistics

WASHINGTON — Taking drastic action March 11, President Donald Trump announced he is cutting off travel from Europe to the U.S. and moving to ease the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of Americans. Restrictions won't apply to cargo.

UPS Inc. on March 12 announced a leadership succession plan that named former Home Depot Chief Financial Officer Carol Tomé as the company’s next CEO, succeeding David Abney.

XPO Logistics is acquiring the majority of the United Kingdom-based contract logistics operations of Kuehne + Nagel, according to a March 9 news release.

Newly released figures from some of the nation’s major ports show cargo volumes are slumping as they struggle to recover from the U.S.-China trade war and now the steep downturn in factory output from China in the aftermath of the coronavirus outbreak.

New Jersey is pushing for higher passenger-vehicle tolls this year — and regular increases in the future — to pay for improvements to its Turnpike and Garden State Parkway.

Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. But now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks.

Autonomous-trucking technology provider Locomation and Wilson Logistics, a Springfield, Mo.-based trucking and transportation logistics company, have announced a multiyear partnership.

A hotly anticipated plan for a waterfront cold-storage warehouse is back on the table in Portland, Maine.

Sysco Corp. has approached German wholesaler Metro AG about a takeover, as the U.S. food distribution giant explores ways to expand in Europe, people with knowledge of the matter said.