Business

Oil slipped as nations reimposed tighter lockdown restrictions in hopes of containing a resurgent pandemic that is depressing demand.

Paccar Inc. reported sharply lower third-quarter net income and revenue as its aftermarket presence, financial services and rebounding truck production bolstered the results.

After months of on-again, off-again talks on an increasingly needed fiscal-stimulus package, Oct. 20 is shaping up as a do-or-die moment for Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi to get a virus relief deal done in time for Election Day.

The national average price of diesel decreased seven-tenths of a cent, according to the Energy Information Administration’s weekly data released Oct. 19. The fall is the sixth drop in the past seven weeks.

Freight industry stakeholders in Maine and around the country are emphasizing Sen. Susan Collins’ contributions to the transportation community.

The virus-ravaged airline industry reached a milestone Oct. 18, carrying more than 1 million passengers for the first time in seven months.

Transportation Intermediaries Association has named Anne Reinke president and CEO, it was announced Oct. 16.

A seven-member independent board would recommend ways local governments could strengthen their resilience to severe weather events as part of legislation congressional policymakers unveiled this month.

Four others have been indicted in connection with a sweeping federal investigation into staged accidents with commercial vehicles in the New Orleans area.