Business

Oil tumbled to the lowest intraday level in four weeks June 7, as U.S. industry data showed an unexpected increase in crude inventories. Gasoline stockpiles also rose.

Port Everglades will purchase three new large gantry cranes at $41.4 million as part of a larger overall program to expand the complex and better position itself to receive Neopanamax vessels traveling through the expanded Panama Canal.

Volvo Trucks North America now offers a painted parts program intended to deliver genuine, factory-built replacement parts, custom painted for pre-order or quick turnaround, the company said. 

The largest cargo ship ever to visit U.S. East Coast ports is making high-profile stops lately in Virginia, Georgia and South Carolina, but it won’t be visiting North Carolina.

An increase in U.S. job openings in April to a record high indicates demand for workers remains strong in the world’s largest economy while the supply is tightening, a Labor Department report showed June 6.

CEOs of some of the largest U.S. companies are becoming even more sanguine about sales and spending, a good omen for the economy after a lackluster first-quarter expansion, according to a quarterly survey released June 6 by the Business Roundtable.

Two of the top retailers plan on opening large distribution centers and creating more than 1,500 jobs in supply chain warehousing.

The United States fell out of the top three in a global competitiveness ranking, as executives’ perception of the world’s biggest economy deteriorated after Donald Trump’s election as president.

Three decades ago, an experimental Mercedes-Benz van managed to steer, brake and accelerate on its own. But after the technology was refined enough to put an S-Class sedan through its paces on a highway around Paris in 1994, it was largely set aside as commercially unviable.