Business

For the first time, the U.S. government’s highway safety agency has approved a company’s request to deploy a self-driving vehicle that doesn’t meet federal safety standards for human-driven cars and trucks.

Old Dominion Freight Line Inc. reported a dip in fourth-quarter profits and revenue as it contended with what the motor carrier called a challenging operating environment.

Boeing Co. engineers have discovered a new software problem on the grounded 737 Max that must be patched before the plane can return to service, Federal Aviation Administration chief Steve Dickson said.

Uber has been granted permission from California regulators to test self-driving cars on state roads, the ride-sharing company announced Feb. 5.

China will halve tariffs on some $75 billion of imports from the United States later this month, reciprocating a U.S. action and likely satisfying part of the interim trade deal.

Fifteen Democratic senators admonished the Trump administration for the sluggish progress on a new rail tunnel between New York and New Jersey, centerpiece of the so-called Gateway program of major infrastructure projects in the critical transit artery.

The most influential mills group in the world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through China’s economy, warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic.”

Commercial vehicle supplier Eaton Corp. reported net income and revenue fell in the fourth quarter amid weaker-than-expected market growth.

Landstar System Inc. saw fourth quarter and 2019 earnings and revenue fall as the company dealt with sluggish trucking conditions and difficult comparisons with record 2018 financial results.

General Motors Co. predicted robust sales of new trucks and big SUV models will help it avert the kind of earnings decline this year that its rivals are bracing for.