Business

An easing of Americans’ sunny economic views indicates consumers may need some better news for confidence to sustain its post-election pickup, Bloomberg News Consumer Comfort Index figures showed May 11.

The bigger-than-forecast rebound in April wholesale prices indicates inflation pressures continue to build in the U.S. economy and that March’s decline was short-lived, Labor Department data showed May 11.

U.S. Venture Inc. promoted Mike Koel to president of U.S. Gain, its compressed natural gas division.

A decline in U.S. jobless-benefit rolls to a 28-year low adds to signs of a tight labor market, as initial unemployment claims also remained subdued, Labor Department figures showed May 11.

Nikola Motor Co. is considering several changes related to its planned hydrogen-electric Class 8 trucks, the company told those who have made reservations and placed refundable deposits. Those changes include chassis design and leasing options.

Daseke Inc. reported a net loss in its first earnings report since going public in February. However, company executives said the results were consistent with expectations and that recent gains in pricing and demand should bolster revenue and profits later in the year.

Norwegian fertilizer company Yara plans to partner with manufacturer Kongsberg to build an autonomous ship to reroute its cargo from roads to the water.

U.S. import prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic inflation and keep the Federal Reserve on course for further interest rate hikes.

XPO Logistics said May 9 it has finished the rebranding of its North American less-than-truckload business a little more than 18 months after it was acquired from Con-way Inc.