Business

Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment.

The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.

The CEO of FedEx Corp. came out swinging after a news report called into question the company’s track record on capital investments and tax payments in the wake of federal tax reform efforts.

Two thousand salaried Cummins employees will be laid off in the first quarter of 2020, the Columbus, Ind.-based engine manufacturer announced Nov. 25.

Congressional leaders in Washington again have packed the final weeks of the year with major legislative items as the top transportation policymakers in the U.S. Senate urge passage of comprehensive highway legislation.

The holiday shopping season is here, and the big e-commerce day is expected to make shippers busy.

Buyers snapped up new U.S. homes over the past two months at the fastest pace in more than 12 years, adding to signs of sturdy housing demand amid lower prices and borrowing costs.

U.S. consumer confidence unexpectedly fell for a fourth straight month as sentiment about current labor-market conditions eased, posing a challenge to retailers heading into the all-important holiday-shopping season.

Ports on the East Coast are enjoying an uptick in volume thanks to infrastructure improvements, expanded sea routes and the positive effects that the United States’ ongoing trade war with China are having for other countries, while these same factors are contributing to drop-offs for West Coast ports.

BERLIN — Volkswagen subsidiary Audi says it’s cutting 9,500 jobs in Germany through 2025 as part of a transformation plan to make the company “lean and sustainable.”