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Pentagon

The Pentagon has terminated the $17.9 billion Global Household Goods contract, a controversial program that has been beset by complaints and widespread criticism.

QXO won鈥檛 raise its $5 billion offer for building products distributor GMS after 黑料吃瓜网 Depot reportedly made its own bid.

U.S. tariff hikes on small packages from China triggered a slump in shipments last month, contributing to a huge drop in bilateral trade and roiling exporters like Shein and Temu.

黑料吃瓜网 Depot has made an offer for GMS, potentially setting off a bidding war with QXO, which this week made a $5 billion offer for the building products distributor.

The sale of the properties follows the disposal of seven facilities via private sale in May as the administrators attempt to unload as many terminals as possible.

Transportation Secretary Sean Duffy and acting administrator for the Federal Aviation Administration Chris Rocheleau announced a 鈥渘ew road map鈥 for getting air taxis into the sky.

U.S. Class 8 retail sales experienced a sequential increase in May despite continuing to trend below the prior year, according to data from Wards Intelligence.

Waymo has applied for a permit to test its robotaxis in New York City, despite an absence of local regulations supporting commercially operated autonomous vehicles.

Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo.聽

Nippon Steel closed its $14.1 billion takeover of U.S. Steel, bringing to an end an 18-month effort to combine the American and Japanese steelmakers, the companies said in a June 18 statement.

Preliminary net data showed orders increased 6,600 units when compared with last year. This year's monthly results have been split between positive and negative prior-year comparisons.

Patrick Kelleher

鈥淧atrick is a world-class operator with the relevant experience to lead GXO through its next phase of growth,鈥 GXO Board Chairman Brad Jacobs said.

Martin Lundstedt, Johan Lund茅n and Karin R氓dstr枚m

Daimler, Volvo Roll Out Coretura Operating System JV Plans

Daimler Truck and Volvo Group laid out the game plan for their truck operating system joint venture 鈥 named Coretura 鈥 on June 17.

Editor's Picks

iTECH graphic

As artificial intelligence continues to advance, technology developers are beginning to introduce AI-powered virtual agents and assistants that could change how logistics work is done.

GXO warehouse employee

While continuing to endure a stubbornly slow freight market recovery, the largest third-party logistics providers in North America also face a murky outlook for international trade.

Fuel Prices

Week of Jun 16
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10垄
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3.1垄

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More News

Donald Trump

The administration is pressing ahead with another tariff barrage that some experts say is more legally sound than country-by-country duties and may end up having an equally broad effect.

Amazon headquarters in Seattle

Amazon is ordering some corporate employees to move closer to their managers and teams, roiling a workforce already worried about job cuts and warnings from the top that AI will shrink their ranks.

Jerome Powell

Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.

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