Business

CSX’s stock rose slightly Dec. 18 despite the death of the man who had been hired to bring the railroad new profitability.

Navistar International Corp. reported net income and revenue increases for its fiscal year fourth quarter and full-year periods amid higher demand for its International brand trucks. It was the company’s second-consecutive profitable quarter, and only its third profitable quarter over the last 21 quarterly periods.

Oil traded near $57 a barrel for a third day before data expected to show that surplus crude inventories in the U.S. continued to diminish as global markets rebalance.

Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving U.S. housing starts to a faster-than-estimated rate, government figures showed Dec. 19.

As the electronic logging device mandate takes effect in the United States, Canada has published its own first draft of rules that would require the devices for truck drivers.

Federal trucking regulators have proposed revised regulatory guidance for truckers driving a commercial motor vehicle for personal use while off-duty.

The California Air Resources Board approved a $663 million clean transportation plan Dec. 14 in an effort to increase the use of environmentally friendly trucks, buses and cars.

Tax policy authorizers in the U.S. House pushed a bill that had dropped private activity bonds. Senate authorizers kept the exemption. The GOP tax bill is scheduled for a vote in the House on Dec. 19. House passage will lead to a vote in the Senate soon after. Here's a look at the week ahead for trucking on Capitol Hill.

Peloton Technology recently demonstrated its driver-assist truck platooning system on Interstate 96 in Michigan with two Volvo VNL 670 trucks, featuring one following about 60 feet behind the lead truck.