Business

NEW YORK — Lyft revealed that it is growing quickly ahead of its initial public offering but continues to bleed money and may struggle to turn a profit, according to a federal filing.

Artificial intelligence-powered chatbots are often not even known as such by the user. Instead, they are often packaged among the automated features of enterprise resource planning systems increasingly used by shipping firms as AI and data science continue to evolve.

Hino Trucks announced Shigehiro Matsuoka was appointed CEO of Hino North America.

Allison Transmission announced it is investing in a new vehicle testing facility to support testing for a wide range of propulsion systems, including conventional powertrains, alternative fuel, electric hybrid and fully-electric vehicles.

FedEx Corp. unveiled an autonomous delivery device designed to help retailers make same-day and last-mile deliveries to customers, showing off the robot on “The Tonight Show Starring Jimmy Fallon” on Feb. 26.

C.H. Robinson Worldwide, in a move to bolster its international freight business, has purchased The Space Cargo Group, a company based in Madrid that provides freight forwarding, customs brokerage and other logistic services in Spain and Colombia, for $48 million in cash.

America’s trucker shortage is about to hit consumers right where it hurts: in the kitty litter.

Tesla said Feb. 28 it will close “many” of its stores and shift to online-only sales after announcing that its long-awaited $35,000 Model 3 is available for purchase.

WASHINGTON — U.S. consumer spending tumbled 0.5% in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January.