Business

Ryder System Inc. has launched a new service to deliver diesel fuel to its customers that leverages its national fuel buying power.

A.P. Møller-Maersk A/S, owner of the world’s largest container line, reported a 43% decline in third-quarter profit as the shipping industry continues to suffer from overcapacity.

Railroads and shipper groups have sketched their strategy for a potentially historic Surface Transportation Board battle over the future of rail competition, with comments to the agency as well as taking steps to recruit allies.

Trailer manufacturer Wabash National Corp. reported third-quarter net income edged up 3% to $33 million, or 51 cents per share, compared with $32 million, or 47 cents, in the period ended Sept. 30.

Royal Dutch Shell, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years.

A dispute between Minnesota Gov. Mark Dayton, a Democrat, and the state’s House Republican majority over who gets to dictate how funds are distributed, is hanging up $105 million in FAST Act dollars.

Research projects at two universities designed to enhance truck platooning and improve maintenance of exhaust aftertreatment systems for trucks received $8 million in federal backing, the Department of Energy announced Nov. 2.

As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea.

It's hard to think of two more challenged industries than oil and shipping. AP Moller-Maersk A/S's misfortune is to be heavily involved in both. Investors were starting to hope the worst was over.

Engine manufacturer Cummins Inc. reported net income for the third quarter ended Oct. 2 fell to $289 million, or $1.72 per share, compared with $380 million, or $2.14, in the 2015 period, pointing to the weaker North American truck engine market, among other factors.