Logistics

The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost.

I.D. Systems Inc., a New Jersey-based tracking technology company, has acquired Pointer Telocation Ltd., an Israeli provider of telematics and mobile internet of things services, in a $140 million deal, the companies report.

Global freight forwarder MIQ Logistics will become part of Noatum Logistics, a unit of Noatum Maritime Services in Madrid, according to a definitive agreement announced March 21.

UPS Inc. and a startup drone partner began the first continuing commercial drone deliveries in the United States, making a short flight carrying a medical sample between North Carolina hospitals March 26.

Just weeks after Tesla Inc. started rolling out its Model 3 in Europe, the electric-car manufacturer has beaten the monthly sales record in its key Norwegian market by a wide margin.

Chad Korth’s Nebraska farm mostly was unscathed from the catastrophic floods that inundated nearby fields thanks to being positioned atop a hill. But as the waters recede, he’s not expecting to be spared the financial blow that’s hitting the region.

The United States and Colorado are facing a truck driver shortage, a daunting economic prospect as the vast majority of goods in the country are transported over the road.

Symbia Logistics, a Colorado-based warehousing and logistics company, has acquired third-party logistics firm iD Commerce + Logistics to expand its e-commerce fulfillment footprint, according to a Symbia statement.

Dave Mauer and other Central States pensioners in the Rockford area have formed the Illinois/Rock River Valley Committee to Protect Pensions. The group has scheduled an April 6 meeting at the Teamsters Local 325 union hall in Rockford to mobilize and pressure Congress to rescue failing multiemployer pension funds.

The chief negotiator for the Teamsters union announced that a tentative accord has been reached with YRC Worldwide for a new collective bargaining agreement covering 24,000 drivers and freight handlers at YRC Freight, one of the nation’s largest less-than-truckload carriers, and two of YRC’s regional freight carriers, New Penn Motor Express and USF Holland.