Business

Occidental Petroleum Corp. is selling bonds to help finance its $38 billion acquisition of Anadarko Petroleum Corp., as debt issuers show faith in the market rebound.

President Donald Trump’s top economic adviser, Larry Kudlow, said the United States still expects Chinese negotiators to come to Washington for another round of trade talks in September, even after the two nations escalated their trade war.

Four Japanese companies have teamed to build the world’s first zero-emission tanker by mid-2021 that will be powered by large-capacity batteries and will operate in Tokyo Bay, according to a statement Aug. 6.

With the help of Bobit Research Services, MiX Telematics surveyed a range of US fleet professionals on ELD compliance. The survey focused on ELD adoption within US fleets and how the data from full-featured ELD solutions are being implemented.

Class 8 orders were down to their lowest level since 2010 in July, according to preliminary numbers from ACT Research.

The U.S. average retail price of diesel continued to drop Aug. 5, falling 0.2 cent to $3.032 a gallon, the Department of Energy reported July 29.

Natural gas futures slid toward $2 per million British thermal units, a level that hasn’t been breached in three years, as fading summer heat and maintenance on the largest U.S. export terminal leave the market struggling to absorb a barrage of supply from shale basins.

Robert Sumwalt and Jennifer Homendy were confirmed by the Senate on Aug. 1 to continue serving on the National Transportation Safety Board.

New York Gov. Andrew Cuomo has announced $206 million will be devoted to freight-related projects across the state.

Despite an industry shakeout that has been dubbed the retail apocalypse, store workers who have hung in there are seeing better pay than a generation ago, even with inflation.