Business

The Volvo Group on June 28 announced plans to invest nearly $400 million over six years to upgrade its New River Valley, Va., plant that produces all Volvo trucks sold in North America.

The spring deluge in the Midwest and Great Plains spurred a cut in the U.S. forecast for soybean acreage, a bigger reduction than analysts expected.

President Donald Trump and China’s Xi Jinping are set to meet June 29 amid hopes they will hit the pause button in their trade war and resume the search for a longer-term peace.

Any statewide measure meant to generate revenue for transportation projects should include the needs of localities, according to Darren Kettle, executive director of the Ventura County Transportation Commission.

Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe’s biggest initial public offerings this year.

The average used Class 8 truck brought a higher sales price in May than in the same month a year earlier, but with inventories gradually building and growth in the freight market slowing down after last year’s boom, analysts are divided on the long-term outlook for values.

U.S. trailer orders plunged below 11,000 in May to the lowest point in nearly three years, tracking the orders for Class 8 vehicles that plummeted earlier in the month.

There’s no change to China’s conditions for making a trade deal with the United States as the nations’ leaders prepare to meet this weekend, a government spokesman said.

ARLINGTON, Va. — Trucking companies that effectively mine the data generated by their operations can free up time and capital to invest in other areas of their businesses, experts said at an industry meeting here.

Volkswagen AG will dive into the increasingly crowded car-sharing market with its WeShare offering, which will seek to distinguish itself from rivals with an electric-only fleet.