Business

New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.

Schlumberger Ltd. posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of COVID-19 could derail the nascent recovery in global energy demand.

Transportation Secretary Elaine Chao on July 23 unveiled guidelines that technology innovators can follow to help them engage with the federal government as they develop new projects.

A new federal drug-testing law for truck drivers that has been held up at the White House for more than a year may finally be poised for advancement, according to an executive from American Trucking Associations who recently met with officials from the Office of Management and Budget.

U.S. trailer orders in June improved by more than 100% from a year earlier as they pushed past 13,000 to reach the second-highest level for the year, ACT Research reported.

Municipal-bond investors are scouring for pockets of the $3.9 trillion market that are a haven from the coronavirus and its recession. Turns out toll roads may be a safe bet.

Landstar System Holdings Inc. on July 22 reported second-quarter net income and revenue were down compared with last year’s levels.

Rush Enterprises reported declines in second-quarter net income and revenue as all segments of its business were hurt by the COVID-19 pandemic.

The Daimler Group reported a net loss and lower revenue in the second quarter as demand for its trucks, vans, buses and cars fell amid the global novel coronavirus pandemic.

Nikola Corp. broke ground July 23 on a new electric-truck factory in Coolidge, Ariz., that it hopes to open next year, but first the startup needs to figure out a way to pay for the 1 million square-foot facility and other expenses with little cash on hand.