Business

America’s labor market might not be as great yet as President Trump wants, but by almost any measure, it’s getting better.

Aftermarket organization Vipar Heavy Duty Inc. announced it has successfully completed its leadership succession and appointed Chris Baer CEO, effective immediately.

West Texas Intermediate crude traded below $50 a barrel after surging U.S. supplies wiped out gains in the three months since OPEC’s decision to cut output.

WASHINGTON — The nation’s transportation network was given a near-failing grade on March 9 by the American Society of Civil Engineers.

Young drivers are appealing to fleets, but fleets often lose them as quickly as they find them. What new methods are fleets using in recruiting efforts? In our March 8 LiveOnWeb, hosted by Transport Topics Executive Editor Joe Howard, we looked at the challenge the industry faces in attracting young drivers to replace retiring drivers. Watch the replay.

Federal, state and local governments and private companies demonstrated a partially automated truck platoon with cooperative adaptive cruise control on March 8 near the Port of Los Angeles.

Rolls-Royce said it will establish a research and development center for autonomous shipping and increasing digitalization in the marine industry.

Americans’ confidence continued to mount in the week ended March 3 as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate, figures showed March 9.

Applications for U.S. jobless benefits rebounded last week from a 44-year low, returning to a range that still shows strength in the labor market.