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’t raise its $5 billion offer for building products distributor GMS after Home 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.

Home 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.

Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.

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.

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.

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

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.

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. 

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.

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

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.

Applied Intuition expects to use the funds to develop its next phase of vehicle intelligence products and expand the company’s product roster and team.

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.

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.

Keyera agreed to buy Plains All American Pipeline’s Canadian natural gas liquids business and some U.S. assets for C$5.15 billion, bulking up its pipeline system around the country.

States are warning residents about scams under which victims receive text messages purported to be from state motor vehicle agencies seeking payment for fraudulent traffic violations.

Canadian companies could help Mexico reduce its lopsided dependency on imported U.S. natural gas by maximizing its own domestic supplies of the fuel, according to a Canada business group.