Business

Commercial vehicle supplier Meritor Inc. reported lower net income and revenue for its fiscal-year first quarter, citing rapid declines in global end markets and restructuring costs, among other factors — at the same time highlighting its growing business opportunities with electric vehicles.

SALEM, Va. — Mack Trucks opened a facility to produce a new series of medium-duty trucks in southwest Virginia.

Tesla Inc. delivered a second straight quarter of blowout earnings and speedy execution, extending an unprecedented surge for its heavily shorted stock.

UPS has ordered 10,000 electric delivery vehicles from electric vehicle maker Arrival, in what it calls a move to accelerate fleet electrification.

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.

UPS Inc. rolled out a series of offerings Jan. 29 aimed at improving service to small and midsize businesses, including an extension of weekend operations.

The U.S.-China trade war has put a lot of stress on trucking, but the signing Jan. 15 of the first phase of a more comprehensive agreement between the two countries has spurred cautious optimism for the industry.

WASHINGTON — House Democrats’ attempt at transforming the country’s Eisenhower-era transportation system came in the form of a five-year, $760 billion proposal that would necessitate input from the president to ultimately fund major programs.

Schneider National Inc. reported Jan. 29 that fourth-quarter 2019 and yearly financial numbers declined when compared with 2018’s record year.

Lyft Inc. will eliminate about 90 jobs as the unprofitable ride-booking company seeks to deliver on a promise to stop losing money by the end of next year.