Business

WASHINGTON — Senate Minority Leader Chuck Schumer is proposing a $462 billion trade-in program to get millions of Americans out of climate-damaging gas vehicles and into electric or hybrid cars over the next decade.

GREENWICH, Conn. — XPO Logistics Inc. announced Oct. 24 that it was teaming up with the Massachusetts Institute of Technology to advance innovation in its industry.

Ford Motor Co. will debut its first battery-electric crossover Nov. 17, the automaker said Oct. 24.

General Motors Co. moved closer to ending a five-week strike when 61% of workers at an important truck plant in Flint, Mich., supported a tentative labor agreement.

Two pyrotechnics companies have asked the Federal Motor Carrier Safety Administration to grant them exemption from certain hours-of-service rules.

TOKYO — The lawyers of former Nissan Chairman Carlos Ghosn, who is awaiting trial in Japan, said Oct. 24 they have requested that financial misconduct charges against him be dismissed.

Echo Global Logistics Inc., a Chicago-based technology-enabled transportation management service, said profits dropped by about half in the quarter ended Sept. 30.

A coalition of nearly 40 prominent infrastructure stakeholders has urged the powerful Republican leader of the U.S. Senate to set up consideration for a comprehensive highway bill this year.

The variety of the more than 2,600 written public comments on the Federal Motor Carrier Safety Administration’s proposed changes to its hours-of-service rules illustrate the challenge of finding solutions that address the concerns of the trucking industry’s different segments.

Commercial vehicle brake supplier Haldex AB reported lower third-quarter earnings and higher revenue as it increased sales slightly in North America.