Business

SAN FRANCISCO — Uber raised the minimum age requirement for most of its new drivers in California to 25  under rules the company said are necessary because of the rising costs of auto insurance.

Cruise, the taxi company that uses self-driving cars, is preparing to come to Raleigh and may be interested in Durham, N.C., as well.

SANTA FE, N.M. — Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year.

COLUMBUS, Ohio — The Biden administration continues to prioritize efforts to expand access to parking for the nation’s truck drivers, the head of FMCSA said Aug. 16.

Mullen Automotive says its first Mullen Three, a Class 3 commercial electric truck, has rolled off the assembly line at the company’s plant in Tunica, Miss.

President Joe Biden’s visit Aug. 21 to Maui was bolstered by a $3 million Federal Highway Administration emergency grant and tax relief for people and businesses impacted by the wildfires.

A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22.

Werner Enterprises has filed an appeal with the Texas Supreme Court of a $100 million jury lower court verdict in a 2014 fatal crash that was upheld by a state appeals court earlier this year.

Advance Auto Parts Inc. named a new CEO and started a strategic review of the business as it struggles to keep up with inflation.

CAIRO — Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, briefly disrupting traffic through the global waterway, Egyptian authorities said Aug. 23.