Business

Filings for U.S. unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969, as the tight labor market showed little sign of easing.

WASHINGTON — Transportation Secretary Elaine Chao reaffirmed the Trump White House’s desire to partner with congressional transportation leaders on an infrastructure policy package that would reflect the views of Democrats and Republicans.

Titanium Transportation Group Inc. has expanded into the United States with an office in Charlotte, N.C., the company said in a news release. The Bolton, Ontario-based brokerage firm said it expects to add other locations throughout the United States.

A bipartisan group of senators introduced legislation April 10 that would extend a lucrative tax credit for electric vehicles that could benefit companies such as Tesla Inc. and General Motors Co.

The bustling activity at America’s seaports added $5.4 trillion to the economy in 2018 by way of revenue to businesses, personal income and economic output by exporters and importers.

Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.

The Federal Highway Administration has awarded the Texas Department of Transportation nearly $7 million to fund a truck parking availability system along Interstate 10 in four states.

As digital technology in trucking grows, so, too, do the ways it can be combined.

Ford Motor Co.’s two company presidents are shuffling roles — with one taking responsibility for the business of today, and the other the approach to tomorrow — as a third executive prepares to retire.

American drivers probably will pay less to fill up this summer as oil prices are forecast to be lower than last year.