Business

C.H. Robinson Worldwide experienced a drop in second-quarter profit and a smaller dip in revenue as it dealt with the economic effects of the COVID-19 pandemic.

TFI International Inc. posted declines in profit and revenue for the second quarter but said business is starting to rebound.

A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum industry.

With much of the country looking to Washington for assistance, slow-moving negotiations on the next COVID-19 economic stimulus package have been marked by partisan disagreements.

Independent engine maker Cummins Inc. reported a sharp drop in second-quarter net income and a record decline in revenue.

The Transportation Research Board’s 100th annual meeting will be held virtually this winter due to concerns over COVID-19.

Oil declined as investors turned their focus to domestic supply, with expectations for another build in U.S. stockpiles.

The battery-electric cabover Nikola Tre model will be the first Class 8 off the assembly line at Nikola's manufacturing facility in Coolidge, Ariz.

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

U.S. consumer confidence declined in July by more than forecast as a pickup in COVID-19 cases rattled Americans’ sentiment about prospects for the economy and the job market.