Business

Talks aimed at renegotiating terms of the North American Free Trade Agreement appear to be stalled over demands from the United States that would, among other things, require a higher percentage of car parts to be sourced in the U.S.

U.S. retail sales of Class 8 trucks in September hit their highest level in 16 months, climbing over 17,000 units as a broad cross-section of buyers sought trucks, experts said.

Daimler AG announced it is taking steps to separate its Daimler Trucks & Bus and Mercedes-Benz Cars & Vans divisions into two legally independent and more entrepreneurial entities still under the “roof and the lead” of Daimler.

It appears Hurricane Harvey will inflict little long-term disruption on the Texas regional economy, which continued to expand at a “moderate pace” over the past six weeks despite the giant storm, according to a report Oct. 18 from the Federal Reserve Bank of Dallas.

The Federal Motor Carrier Safety Administration will grant UPS Inc. temporary exemption from parts of the upcoming electronic logging device mandate, according to a document scheduled for publication in the Federal Register on Oct. 20.

Alphabet Inc.’s investment arm, CapitalG, led a $1 billion investment in Lyft Inc. that values the ride-sharing startup at $11 billion, the ride-sharing startup said.

The Navistar-GM partnership in Springfield, Ohio has lead a Michigan trucking company to open a new terminal in Springfield, a move that could lead to a $5.2 million investment and more than 100 jobs over three years.

Americans grew more pessimistic this month about the direction of the economy, though a measure of consumer sentiment rose in the most recent week, Bloomberg Consumer Comfort Index figures showed Oct. 19.

Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Oct. 19.