Business

Ryder System Inc. announced it is buying 900 Class 5 electric vehicles from truck maker Chanje Energy Inc., and that FedEx Corp. will lease the vehicles from Ryder and buy 100 of the same all-electric trucks itself.

The U.S. average retail price of diesel dropped 2.1 cents to $3.261 a gallon the U.S. Energy Information Administration reported Nov. 26 as crude oil prices continued to stay low.

If you don’t travel much, but you were among the millions of Americans who set out to visit loved ones this past Thanksgiving weekend, the traffic nightmare you experienced was indeed an anomaly. But there's hope. Here's a look at the week ahead for trucking on Capitol Hill.

The Federal Motor Carrier Safety Administration announced it has received an exemption request from hours-of-service rules from one trade association and has granted reprieve from those rules to another.

Fiat Chrysler Automobiles NV is considering options for its robotics arm, Comau, including a potential sale at a value of 1.5 billion euros to 2 billion euros ($1.7 billion to $2.3 billion), sources familiar with the matter said. The shares rose the most since July.

Crane Worldwide Logistics opened a facility in Savannah, Ga., to expand its footprint on the East Coast.

Allison Transmission Inc. announced it is expanding the remote diagnostic options available for its fourth- and fifth-generation transmissions through a collaboration with LHP Telematics.

DETROIT — General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles.

Shoppers will spend an estimated $7.8 billion on Cyber Monday, Nov. 26 — a record — boosting a strong holiday shopping season, and Wall Street likely will shrug it off.