Logistics

Convoy, the Seattle-based freight startup that shut down last week, is being sold, according to a former Convoy employee familiar with the deal.

Canadian National Railway Co. spelled out a challenging picture for the economy as earnings fell short of expectations in the third quarter, partly due to falling demand for consumer goods.

TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market.

Secretary of Commerce Gina Raimondo announced a $1.75 million grant to a rural Indiana county to provide better access for heavy trucks at an agricultural business park.

Ryder System Inc. is to buy IFS Holdings, also known as Impact Fulfillment Services (IFS), for an undisclosed sum, the Miami-based company said Oct. 23.

Truck tonnage slumped 4.1% in September compared with year-ago levels, the steepest annual drop in nearly three years and an indication that the U.S. freight market remains turbulent.

Georgia Gov. Brian Kemp announced that Walmart Inc. will invest $350 million to open a new dairy facility along the Interstate 75 freight corridor. Operations are expected to begin in 2025.

NEW ORLEANS — Crews worked into Tuesday morning clearing the wreckage of more than 150 vehicles involved in a series of crashes the day before on Interstate 55 near New Orleans.

NEW ORLEANS — At least seven people were killed after a “superfog” of smoke from south Louisiana marsh fires and dense fog caused multiple massive car crashes Oct. 23 involving 158 vehicles.

OMAHA, Neb. — CSX reported a 24% drop in the railroad’s third-quarter profit Oct. 19 as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.