Business

The net loss at truck maker Navistar International Corp. accelerated from the company’s previous fiscal third quarter as revenue dropped 18%, year-over-year, due to anemic North American heavy-duty truck sales.

Filings for U.S. unemployment benefits unexpectedly dropped to the lowest level in seven weeks, showing employers have little appetite to fire workers.

Transportation activity was mixed across the country from July to late August, according to a Federal Reserve report.

Mercedes-Benz is looking at mounting automated flying drones onto a new line of electric vans as part of a $562 million investment aimed at speeding delivery times for online orders.

The impact of the bankruptcy filing by South Korean ocean carrier Hanjin Shipping Co. continues to be felt in Hampton Roads.

Commercial vehicle supplier Haldex said Knorr-Bremse AG is the latest company to make a public takeover offer for all shares in the company.

The board of directors of Tier 1 manufacturer Boler Co. elected CEO Matthew Boler as its chairman.

Volkswagen AG’s pending acquisition of 16.6% of Navistar International Corp. for $256 million will provide the Lisle, Illinois, truck maker with cash soon and then more efficient procurement and better access to new technology for engines and other applications, Navistar CEO Troy Clarke said in an interview.

The U.S. job market probably was a little less robust in the year through March than previously estimated, government figures showed.

ALLENTOWN, Pa. — Volvo Group’s two North American operating companies have agreed to exhibit at the North American Commercial Vehicle Show in Atlanta a year from now and will either reduce or suspend their connection with the Mid-America Trucking Show in 2017.