Business

Nvidia’s startling ascent in the stock market reached another milestone June 18 as the chipmaker rose to become the most valuable company in the S&P 500.

RPM Freight Systems is to receive backing from private equity firms Trive Capital and Bluejay Capital Partners, the investors said in a news release.

Less-than-truckload shipping is used to transport freight that doesn’t require a full truckload trailer. In general, most LTL shipments weigh between 500 and 15,000 pounds, and are shipped on pallets and only require a portion of a trailer. Since LTL shipments don’t use an entire truck, free space on the truck is often shared by other shipments from other shippers or carriers.

Artur Express plans to operate 100 sleeper trucks with Kodiak Robotics’ self-driving truck technology installed in a partnership between the companies, they said.

U.S. retail sales for medium-duty trucks declined year-over-year in May after six consecutive months of gains, according to data from Wards Intelligence.

Over-the-road carriers waiting for an upturn in the freight cycle must make the most efficient use of their trucks’ space to best ride out ongoing market weakness, according to CSCMP.

This month, the transportation panel in the U.S. House of Representatives plans to vote on a policy update to the country’s commercial waterways.

U.S. lawmakers want to prevent companies that win federal chipmaking funds from using Chinese-made equipment at government-backed factories.

The world’s renewable fuelmakers are about to face a crunch in one of the most basic building blocks they need to be profitable: sufficient supply of waste oil.

SEATTLE — BNSF Railway must pay nearly $400 million to a Native American tribe in Washington state, a federal judge ordered after finding that the company trespassed across the tribe’s reservation.