Business

Roadrunner Transportation Systems Inc. reached agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a previously announced long-term loan amendment, the motor carrier said.

U.S. consumer debt outstanding in January posted the smallest gain since July 2012 as American households reduced their credit-card balances.

Increasing vehicle capacity to alleviate congestion and improve safety along Interstate 10 between Phoenix and the ports in the Los Angeles area is among the infrastructure projects for which Arizona Gov. Doug Ducey (R) would welcome funding assistance from the federal government.

The former public official who pressured United Airlines to fly to an airport near his South Carolina weekend home was spared prison by a judge who sentenced him to a year of confinement in the same house, located in an affluent equestrian community.

The United States chalked up its largest trade deficit since March 2012 as a jump in merchandise imports in January exceeded a smaller gain in shipments overseas.

CSX Corp. appointed Hunter Harrison as CEO on March 7, effective immediately, entrusting the industry veteran with the task of turning around North America’s least efficient railroad. He’ll stick around as long as shareholders are willing to meet his pay demands.

The U.S. average retail price of diesel rose 0.2 cent to $2.579 a gallon as crude oil prices remained near $53 a barrel and U.S. production advanced amid other cuts in global production.

A congressionally mandated study on the Federal Motor Carrier Safety Administration’s hours-of-service restart rule showed that it “did not explicitly identify a net benefit on driver operations, safety, fatigue and health,” the Department of Transportation Inspector General said March 2.

IBM and Danish transport company Maersk said they were working together to digitize, manage and track shipping transactions using blockchain technology.

NASHVILLE, Tenn. — Truck makers said they continue to reap huge benefits from the SuperTruck program, adding significant technology advances to their production models.