Business

U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Oct. 13.

U.S. inflation excluding food and fuel was below estimates for the sixth time in seven months, even as a hurricane-driven spike in energy prices boosted the overall cost of living by the most since January, a Labor Department report showed Oct. 13.

U.S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Oct. 13.

When FedEx Express’ Roland Bolduc claimed the Grand Champion prize at this year’s National Truck Driving Championships, he did so as part of a team of about 170 company drivers who were dominant in every class. While the skills required to claim those victories are varied and unique to the competitors, the company has for years relied heavily on one man to get its drivers ready: Scott Mugno.

XL Hybrids Inc. won $22 million in venture capital funding led by units of Exelon Corp. and Ikea Group to accelerate sales of its hybrid-electric delivery trucks.

Container traffic continues to flourish in the peak shipping season, easily outpacing last year’s totals in September.

About 13 hours after President Donald Trump saluted ATA Chairman and Jet Express President Kevin Burch for his 40-plus years in trucking, Burch appeared on Fox News' "Fox & Friends" morning program Oct. 12, pointing out that the need for small-business tax reform shouldn't be a partisan issue.

Not long after Mister “P” Express, Inc. opened in 1987 in Southern Indiana, founder Allan Parnell’s wife, Bunny, suggested closing the trucking company’s doors.