FedEx has trailed UPS on profit margins even though its larger rival has a unionized workforce and pays its drivers more.

The deal comes on the back of a recent foray into the U.S. logistics sector that saw the family office spend close to a billion dollars on warehouses across the country.

Combined, the U.S., EU, Japan and India have committed more than $100 billion in subsidies to attract the likes of Intel, Taiwan Semiconductor Manufacturing and Micron.

Hyundai also plans to spend about $85 billion to boost production and make progress in areas such as hydrogen cars, EV batteries and software for future mobility.

The family-owned company plans to hire almost 100 people at its Chicago offices over the next 12 months, according to Peter Cotter, CEO of Lactalis Heritage Dairy.

Saudi Arabia's Public Investment Fund is reportedly in advanced discussions over a deal for a roughly 10% holding in Vale SA's base metals unit.

China National Petroleum will seal a 27-year liquified natural gas purchase agreement of 4 million tons annually with QatarEnergy, according to a person with knowledge of the matter.

The U.S. plane maker’s latest tally of industry-wide deliveries over the next 20 years takes into account growing activism over jet emissions.

Fresh investment from DP World will help reduce congestion and slash the average stay for a vessel to 24 hours from five days.

The National Air Traffic Controllers Association union has called on Congress to provide what it sees as its biggest challenge to reducing risk: funding.