Transport Topics
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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.
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UPS Inc., fueled by demand from e-commerce giant Amazon.com, on Jan. 30 reported a gain in fourth-quarter profit on an adjusted basis and in revenue while noting a one-time charge that dragged net results.
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Georgia should spend up to $121.5 billion more over 30 years to improve the movement of freight across the state, a legislative panel has recommended.
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An aviation and trucking company that operates out of BWI Thurgood Marshall Airport will lay off more than 1,600 people this spring, and Amazon has offered all hourly employees jobs at the same location.
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