Business

AUGUSTA, Maine — A commission tasked with solving Maine’s transportation funding shortfall will recommend an immediate infusion of between $20 million and $60 million while punting a range of possible solutions to the next Legislature.

California already is a world leader in the embryonic electric vehicle industry but needs more government help to flourish, according to a new report from the Los Angeles Economic Development Corp.

U.S. Chamber of Commerce officials and travel industry leaders urged businesses and consumers not to overreact to the spread of coronavirus and to take precautions while going about business as usual.

The South Dakota Transportation Commission recently awarded 27 grants totaling $14 million to local government agencies to support bridge preservation and replacement efforts.

Ford Motor Co. plans to manufacture an electric version of its popular Transit cargo van for the 2022 model year.

GFL Environmental Inc. fell in its trading debut after raising $1.425 billion in the largest Canadian initial public offering in almost six years.

Oil advanced for a second day after an OPEC+ committee recommended a larger supply cut to offset lost demand from the spread of the coronavirus.

NEW YORK — ExxonMobil on March 3 outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas.

Ford Motor Co. has banned all air travel for business after two of its employees in China contracted the coronavirus.

Sysco Corp. has approached German wholesaler Metro AG about a takeover, as the U.S. food distribution giant explores ways to expand in Europe, people with knowledge of the matter said.