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Third-party logistics providers enjoyed another growth year in 2022, driven by inventory buildup from past supply chain disruptions and decreasing purchased transportation costs.

The largest third-party logistics companies in North America remained in growth mode in 2022 despite an uncertain economic environment and less favorable market conditions.

Third-party logistics providers have been adjusting to normalizing market conditions as supply chain disruptions, inventory shortages and surging demand have receded.

Amerit Fleet Solutions will provide service and maintenance for commercial fleet customers of U.S.-based electric vehicle manufacturer Lordstown Motors, the companies said April 18.

Truck manufacturer Volvo Group posted net income of $1.25 billion, or 62 cents per share, in the three months that ended March 31.

DETROIT — After cutting U.S. vehicle prices four times this year, Tesla raised the cost overnight on its slow-selling more expensive models.

Ikea announced this week it plans to invest $2.2 billion in the United States over the next three years, opening new stores and “Plan and Order Points” as well as hundreds of pickup locations.

U.S. business activity unexpectedly climbed this month to nearly a one-year high, bolstered by stronger services and manufacturing that threatens to reignite inflationary pressures.

Gasoline taxes will drop in Utah in July, and taxes will be levied at electric vehicle charging stations starting in January, after new laws signed by Gov. Spencer Cox.

Class I railroad CSX Inc. on April 20 announced first-quarter earnings that beat Wall Street analysts’ expectations.