Business

OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years.

Sales of secondhand ships used to haul commodities such as iron ore, coal, grain and fertilizer have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers.

Contracts to purchase previously owned U.S. homes increased marginally in October as a strong labor market and growing wages continue to support demand, according to figures released Nov. 30 from the National Association of Realtors in Washington.

Personal spending increased at a more moderate pace in October after the biggest gain in five months, while faster income growth signaled demand will be sustained.

Companies in November added the most workers to U.S. payrolls since June, data from the ADP Research Institute in Roseland, New Jersey, showed Nov. 30.

Critics of Congress who argue there’s too much inaction and gridlock on Capitol Hill are getting ammunition for their argument. Here's the week ahead for trucking on Capitol Hill.

The man who was driving the Wal-Mart truck that crashed into actor-comedian Tracy Morgan's van on the New Jersey Turnpike in 2014, killing one and injuring several others, changed his plea to guilty Nov. 29 and could avoid jail time.

Toyota is exploring a “semi-trailer truck application” of hydrogen fuel cell technology.

Trucks carried almost two-thirds of the freight moving between the United States and its North American Free Trade Agreement partners Canada and Mexico in September, and continued to be the most heavily used mode, according to federal TransBorder Freight Data released Nov. 29.