Business

The Federal Motor Carrier Safety Administration announced more than $77 million in grants to states and training institutions to improve commercial motor vehicle safety.

The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll.

China’s top maker of electric-vehicle batteries plans to spend $1.4 billion (10 billion yuan) building its first factory in the southwest of the country, adding to ambitious plans for the next decade even as the short-term EV outlook gets buffeted by subsidy cuts and demand uncertainties.

Cantor Fitzgerald LP is recommending bearish trades on the U.S. transportation sector amid a deteriorating global trade landscape and worsening economic numbers.

Photos from the 2019 Management Conference & Exhibition at the San Diego Convention Center in San Diego, held Oct. 5-9, 2019.

Democratic Gov. Gavin Newsom has signed into law a bill that directs the California Air Resources Board and other state agencies to develop and implement a new smog inspection program for heavy-duty diesel on-road trucks.

U.S. farmers — reeling from trade wars, low commodity prices and bad weather — are set to be the main winners from President Donald Trump’s initial accord with Japan.

Self-driving trucking startup Embark Trucks announced it will open two transfer hubs to switch freight to its automated trucks.

U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market. The Commerce Department said Sept. 25 that new homes sales increased to a seasonally adjusted annual rate of 713,000, up from a revised 666,000 in July.

Significant upgrades of freight and commuter corridors would vastly improve motorists’ quality of life and regional commerce, a panel of infrastructure experts told a congressional panel Sept. 25.