Activist investor HG Vora Capital Management is offering to acquire Ryder System in a $4.4 billion deal that would take the fleet management and supply-chain operator private.
Diesel costs are reaching new highs across the U.S., straining the operations of trucking companies and wrecking the transportation budgets of businesses that need to ship goods.
West Coast dockworkers and cargo-handling companies are due this week to begin contract negotiations that carry high stakes for an American economy that has been wracked by supply-chain disruptions.
Company veteran Drew Wilkerson will run the new, publicly traded company, which will be one of the largest freight brokers in the U.S.
With less than two years left on the lease at their dilapidated home stadium, the Oakland A’s face stark decisions this summer on their yearslong search for a new ballpark, an effort that has created a showdown between the baseball club and the shipping industry on the city waterfront.