Business

The state’s standard for the biodiesel blend will double to 20% at gas pumps next May, a decision that displeased trucking industry advocates.

America’s trade deficit narrowed to an eight-month low in June, helped by the biggest outflow of goods and services since the end of 2014, a positive signal for the economy entering the third quarter, Commerce Department data showed Aug. 4.

Commercial vehicle supplier Haldex AB reported net income plummeted and revenue improved slightly in the second quarter, amid protracted efforts by rival supplier Knorr-Bremse Group to purchase the company.

Trucking industry jobs rose by 400 in July as overall payrolls rose by 209,000, the Labor Department reported Aug. 4.

LTL carrier YRC Worldwide was profitable during the second quarter, but at a lesser level than during the same time in 2016.

Manufacturer Navistar International Corp. is phasing out the production of engines at its Melrose Park, Ill., plant and will turn the facility into a technical center for truck and engine testing.

FedEx Corp. will forgo most holiday surcharges on home deliveries this year, drawing a contrast with plans for stepped-up fees at UPS Inc. amid a surge in online shopping.

Commercial vehicle supplier Meritor Inc. reported net income and revenue rose in its fiscal third quarter, driven by broad increases in truck production plus new business wins.

Aluminum products supplier Arconic Inc. posted higher net income and revenue in the second quarter as all segments had higher volumes.

Truckload carrier U.S. Xpress Enterprises said it is laying off 100 employees — all nondrivers — at two southeastern locations, citing a change in “company focus.”