Navistar International Corp. said it has received an unsolicited buyout offer from its European truck partner Traton SE — which is owned by Germany’s Volkswagen AG — in a $35 per share cash offer.
January 30, 2020Business, Technology, Logistics
Odyssey Logistics & Technology Acquires RPM Consolidated Services
Odyssey Logistics & Technology Corp. acquired full-service logistics and warehousing provider RPM Consolidated Services Inc., the Danbury, Conn.-based company announced Jan. 30.
January 31, 2020Business, Technology, Breaking News
Volkswagen's Traton Unit Submits Buyout Offer for Navistar
Government, Business, Technology, Logistics
Amazon to Make New Staten Island Warehouse a Delivery Station
Amazon says a new 450,000-square-foot warehouse leased in Bloomfield will be used as a delivery station that will help speed up deliveries to local residents.
January 30, 2020Business, Technology, Safety, Logistics, Autonomous
UPS-Waymo Partnership to Start in Near Future
UPS and Waymo announced Jan. 29 a pilot program for autonomous vehicle package pickup in Phoenix.
January 30, 2020Government, Business, Technology, Equipment
Mack Unveils Medium-Duty Truck Plant in Southwest Virginia
SALEM, Va. — Mack Trucks opened a facility to produce a new series of medium-duty trucks in southwest Virginia.
January 30, 2020Business, Technology
Tesla Exceeds Expectations in Blowout Quarter
Tesla Inc. delivered a second straight quarter of blowout earnings and speedy execution, extending an unprecedented surge for its heavily shorted stock.
January 30, 2020Business, Technology
UPS Orders 10,000 Electric Delivery Vehicles
UPS has ordered 10,000 electric delivery vehicles from electric vehicle maker Arrival, in what it calls a move to accelerate fleet electrification.
January 30, 2020Business, Technology, Logistics, Autonomous
UPS to Expand Service, Capacity, Add Operation Hours
UPS Inc. rolled out a series of offerings Jan. 29 aimed at improving service to small and midsize businesses, including an extension of weekend operations.
January 29, 2020Business, Technology
Lyft to Cut 2% of Staff in Pursuit of a Profit Next Year
Lyft Inc. will eliminate about 90 jobs as the unprofitable ride-booking company seeks to deliver on a promise to stop losing money by the end of next year.
January 29, 2020Business, Technology
Ford’s Lincoln Partners With Rivian for First Electric Model
Lincoln is building its first fully electric vehicle with Rivian Automotive Inc., the battery-powered truck and SUV maker Ford Motor Co. backed with a $500 million investment last year.
January 29, 2020