Transport Topics
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Sysco Corp.'s planned $3.5 billion takeover of US Foods Inc. was blocked by a federal judge, who said a merger of the food distribution giants would probably reduce competition and raise prices for hotels and restaurants.
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MAN SE, the German truck maker owned by Volkswagen AG, plans to reduce the workforce of its European commercial-vehicle operations by about 5% to cut costs and revive profit.
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U.S. rail intermodal traffic rose for the week ended June 13 as carloads declined for the 11th consecutive week, the Association of American Railroads reported.
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Canadian carrier Armbro Transport Inc. has closed its doors after 56 years in operation.
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