Business

For residents along Old Berwick Road in Sugarloaf, Pennsylvania, time keeps on turning — but it seems the tractor-trailers clogging their neighborhood are not.

Turnover in the U.S. residential property market is set to rise over the coming year, according to a strong majority of analysts polled by Reuters who also forecast the pace of house price gains to remain relatively steady this year and next.

Texas could rid itself of toll roads — but at a steep price, according to the latest estimates by transportation officials.

Companies added workers to U.S. payrolls in August in line with projections, contributing to signs of a steady labor market, data from ADP Research Institute in Roseland, New Jersey, showed Aug. 31.

Hanjin Shipping Co., the distressed Korean container mover that filed for court protection Aug. 31, is emerging as a symbol of the slump that has plagued the industry since the global financial crisis.

The Federal Motor Carrier Safety Administration sent its version of a final rule on entry-level driver training to the Office of Management and Budget for review on Aug. 29, OMB said.

Truck maker Peterbilt Motors Co. will soon offer the Cummins Westport ISL G Near Zero engine as an option on three of its vocational trucks, the Denton, Texas-based manufacturer said Aug. 30.

Eberspaecher North America, a supplier of vehicle heaters, has added a new engine pre-heater to its product lineup, the Hydronic S3 5-kilowatt economy system, the company said.

Industrial auctioneer Ritchie Bros. Auctioneers Inc. and IronPlanet, an online equipment marketplace, have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for about $758.5 million.