Business

BMW AG plans to cut as many as 6,000 jobs in Germany by 2022 as part of its ongoing cost-savings effort, according to Manager Magazin.

Acknowledging a steady drumbeat of criticism from activists and a vocal group of his own employees, Amazon.com founder and CEO Jeff Bezos announced the formation of a new organization, the Climate Pledge, to meet the goals of the landmark Paris climate agreement 10 years early.

The Federal Reserve added a third dose of liquidity to a vital corner of the funding markets Sept. 19, helping rates retreat further as investors warn that fresh bouts of stress remain possible in the weeks ahead.

LONG BEACH, Calif. — Rail and intermodal providers said they are increasing speed and efficiency to become more competitive, and technology is helping them improve operations.

Filings for U.S. unemployment benefits rose less than estimated and remained around historically low levels, offering the latest signs that the labor market is holding up.

Congressional support for technologies that promote energy efficiency is key to reducing emissions across the transportation landscape, industry stakeholders told a House panel Sept. 18.

A $20 billion investment spree detailed by UPS CEO David Abney last year, a plan that initially rattled Wall Street, is bearing fruit. Profit margins are improving even as 112-year-old Big Brown copes with swelling volume from voracious online shoppers, who are typically less lucrative to serve than business customers.

LONG BEACH, Calif. — A panel representing the shipping industry spoke about the looming International Maritime Organization mandate that will require cargo vessels to burn low-sulfur diesel, and shippers and carriers said the requirements could lead to price increases or the rerouting of freight.

U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell.

RALEIGH, N.C. — As trucks become more complex and high-tech, so, too, do the repairs and maintenance systems, experts said Sept. 18 at the fall meeting of American Trucking Associations’ Technology & Maintenance Council.