Just months after becoming a publicly traded company, Nikola Corp. reported that net losses widened versus year-ago levels as the company continues investing in the buildup toward the introduction of its electric trucks.

Diesel fell for the third consecutive week, by three-tenths of a cent to $2.424 a gallon.

Nikola Corp. founder and Executive Chairman Trevor Milton believes the hydrogen fuel cell technology that powers his company’s trucks can place Nikola at the forefront of global efforts to toughen clean-air rules while also providing a truck that meets the needs of commercial fleets.

The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations.

UPS Inc. reported strong results in the second quarter, as a surge in deliveries to homes and businesses has helped lift the company through the COVID-19 pandemic.

ArcBest turned a second-quarter profit, albeit considerably lower than the year-ago level because of the COVID-19 pandemic, the Fort Smith, Ark., carrier announced July 29.

Norfolk Southern beat Wall Street’s expectations when the Class I railroad reported second-quarter earnings July 29.

Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.

The 100-year-old over-the-road motorcoach industry is struggling for survival as most of the nation’s 36,000 buses are sitting in parking lots because of the COVID-19 pandemic.

Canadian Pacific reported reduced second-quarter earnings that company officials said was a direct result of reduced freight caused by the COVID-19 pandemic.