Africa needs to take advantage of the economic potential of its ports if it is to realize its growth ambitions, and investment is not always about building new ports or terminals. That's one of the key findings in a recent analysis of port development in sub-Saharan Africa issued by PwC.

United Parcel Service Inc. is ramping up a “transformation” plan to cut costs across the organization as the delivery firm responds to changes in how people shop and nontraditional competitors such as Amazon.com Inc.

Auto-parts suppliers are coming out from under the hood, and taking back some power in the process.