Business

Paccar Inc. reported lower net income and revenue in the first quarter as it reacted to weaker demand and the coronavirus, leading to temporary plant closures and lower truck deliveries.

The Department of Homeland Security recently extended travel restrictions that apply to the Canadian and Mexican borders to prevent the further spread of COVID-19.

Traders may have hoped that the April 20 collapse in U.S. oil prices below zero for the first time in history was an aberration.

Truck tonnage rose 4.3% year-over-year in March on gains in selected business sectors, according to American Trucking Associations.

The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that COVID-19 has created.

Global truck manufacturers Daimler Truck AG and Volvo Group have reached a preliminary agreement on a joint venture to develop, produce and commercialize fuel cell systems in heavy-duty vehicles by the second half of the decade.

Covenant Transportation Group is planning to close its Texarkana, Ark., terminal and relocate operations to other facilities, the company announced April 20.

For at least the past decade, America’s railroads have been toying with the notion of freight trains moving at speeds approaching some passenger bullet trains.

New York Gov. Andrew Cuomo called for federal coordination of the supply chain to make COVID-19 testing more widely accessible to states.

More than $311 million in funding is available for projects designed to improve freight and passenger rail connectivity, federal railroad regulators announced this month.