Business

Consumer spending rose less than projected in January as rising prices pinched Americans’ wallets, leading inflation-adjusted purchases to fall by the most since 2009.

Burlington Northern Santa Fe, the parent company of BNSF Railway, reported net income fell 8.4% in the fourth quarter but, similar to other Class I railroads, the decline in the final three months was significantly less than earlier in 2016.

California-based Starsky Robotics said on Feb. 28 it has a solution to on- and off-highway deliveries by self-driving trucks, including the "last mile" issue for how a driverless vehicle will deliver cargo at its final destination.

Public-private partnerships for freight railroad infrastructure that are expected to significantly benefit the public should be implemented, the head of the Association of American Railroads said in a Feb. 28 letter to President Trump.

President Trump intends to revamp the national biofuels program to ease regulations on oil refiners while providing new incentives for ethanol and biodiesel production, people familiar with the plan told Reuters on Feb. 28.

Equipping truckers with real-time notifications of available parking would significantly improve drivers’ productivity and compliance with regulations, according to a new study from the American Transportation Research Institute.

TravelCenters of America, an operator of truck stops and convenience stores, reported lower net income for the fourth quarter and full year in 2016 as revenue was mixed.

Consumer confidence unexpectedly increased in February to the highest level since July 2001, according to a report Feb. 28 from the New York-based Conference Board. The group’s gauge rose to 114.8, from 111.6 in January.

The U.S. average retail price of diesel rose 0.5 cent to $2.577 a gallon, diesel’s third increase after four consecutive weekly declines, the Department of Energy reported Feb. 27.