Business

The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s yearslong effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.

Productivity in the U.S. unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in efficiency earlier this year was more of a temporary shift.

Expeditors International said the ongoing trade disputes and the global economy nicked its profits and revenues in the third quarter of 2019, but the company did well in negotiating prices to make up for the downturn.

ATLANTA — Cummins Inc., underscoring its belief in the power of choice, announced its latest advances in fuel efficiency for its heavy-duty diesel engines and showcased hydrogen fuel cell technology in its own Class 8 demonstration model.

Supporters of the new United States-Mexico-Canada Agreement continue to pressure lawmakers on Capitol Hill to proceed with a vote on the trade deal, which was signed last year.

Jack Cooper Holdings Corp. has exited its Chapter 11 bankruptcy proceedings, the auto-hauling logistics company said Nov. 4.

Canada will resume shipments of pork and beef to China, Prime Minister Justin Trudeau said, signaling the Asian nation has lifted an import ban imposed earlier this year.

WASHINGTON — Growth in the vast U.S. service sector rebounded in October after sinking to a three-year low in September, causing concern for investors and economists.

Roadrunner Transportation Systems has sold its intermodal business to Universal Logistics Holdings for $51.25 million in cash, the transportation and asset-light logistics company announced Nov. 5.

ATLANTA — Meritor Inc. announced it expanded its electric drivetrain business and developed friction material with reduced levels of copper ahead of the regulatory deadline, launched an air disc brake package and enhanced certain axles.