Business

The United States’ merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of goodwill from the Asian nation as the countries try to resolve their trade war.

Trucking technology supplier Omnitracs announced the launch of its Omnitracs One fleet-management platform, which unifies its various in-cab and back-office systems into a single offering.

Daimler Trucks North America announced it is cutting about 900 jobs and lowering truck production at two truck assembly plants in North Carolina as the market “is now clearly returning to normal market levels.”

Overall new business activity for 25 key American equipment financiers was up 3% to $9.2 billion in August, year over year, according to the Equipment Leasing and Finance Association.

The ongoing impeachment inquiry of President Donald Trump in the U.S. House of Representatives threatens to halt the legislative agenda for the rest of the year and possibly longer, but a comprehensive transportation policy bill is still on the table as the issue remains one of the few vestiges of bipartisanship on Capitol Hill.

Pennsylvania, the heart of the U.S. shale-gas boom and one of the biggest coal-producing states, is joining a carbon market.

Supply chain managers should give AI and other technologies 60% of tasks, according to a recent report by Coyote Logistics, a UPS Inc. subsidiary based in Chicago.

America’s service industries joined manufacturing in taking a big step back last month, fueling concerns that the global slowdown and trade war are weighing more on the broader economy. Stocks, the dollar and Treasury yields all fell after the report.

North American Class 8 orders in September cleared 12,000 units, ACT Research reported, citing preliminary data, but the volume remained just a faint shadow of what occurred a year earlier.