Business

U.S. home prices climbed a robust 6.2 percent from a year ago, amid strong demand from would-be buyers and a shrinking supply of properties for sale.

When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’ massive Permian Basin shale formation, truckers were among those hardest hit.

WASHINGTON — American Trucking Associations President Chris Spear asked Congress to consider establishing an infrastructure fund capable of generating about $340 billion over 10 years.

The incoming tax reform bill could be a welcome holiday gift for truckers, according to Barry Pottle, president of Pottle’s Transportation and first vice chairman of American Trucking Associations.

A Greek shipowner is predicting new rules for marine fuel will put thousands of the world’s merchant vessels out of business in the next two years, roiling global trade. In fact, he’s wagering $1.1 billion on it.

Bipartisan support for infrastructure reform increases the chances for the Senate to take up a transportation bill next year, Majority Leader Mitch McConnell (R-Ky.) said Dec. 21.

Self-driving cars may be the future, but relinquishing control of the wheel certainly takes some getting used to. It’s one thing to go (slowly) with the flow on well-marked city streets, for which many self-driving cars were initially developed and tested, but what happens when you throw icy winter road conditions into the mix?

Another fleet of mining trucks will join the growing ranks of machines operating autonomously using Caterpillar Inc. systems in Australia next year, reflecting the company’s push to cement industry partnerships with proprietary technology.

FedEx Corp.’s delivery truck is heading in the right direction, but the turbo-charge from Uncle Sam won’t hurt. The $65 billion company reported earnings after the close of trading on Dec. 20, besting analysts’ quarterly estimates and raising its full-year outlook.

U.S. filings for unemployment benefits jumped to the highest in five weeks, though the level remained low by historical standards, Labor Department figures showed Dec. 21.