Business

Tesla Inc. shares are now officially in correction territory, in a week that saw the electric-vehicle maker announce a share sale that could dilute its value and a top holder say it would cut its stake nearly in half.

More than six months into the COVID-19 pandemic the trucking industry’s health is stronger than the U.S. economy, as segments used in final-mile delivery, e-commerce, and deliveries to grocery stores and hospitals thrive.

FedEx Corp. plans to hire about 70,000 seasonal workers to handle the holiday surge of packages, a 27% increase from last year’s peak, in what is expected to be an unprecedented level of delivery demand.

The freight market could be shifting toward carriers after favoring shippers the past two years.

General Motors and Honda have a deal to share vehicle platforms and technology in North America starting next year.

One year after Daimler Trucks purchased a majority share in U.S.-based Torc Robotics to develop Level 4 autonomous trucks, efforts have accelerated to bring out highly automated trucks within the decade, company executives said.

The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.

U.S. unemployment-claims figures gave a mixed picture of the labor market amid government changes to seasonal adjustments to account for distortions from the pandemic.

Cargo, one of the least glamorous aspects of flying, is proving a rare ray of light for airlines amid the coronavirus gloom.

Senate Majority Leader Mitch McConnell expressed doubts about whether Congress can get a deal on another pandemic relief package when lawmakers return to Washington after a monthlong recess, despite the Trump administration’s push for a quick, targeted stimulus.