Business

It's a sign of stunted investor expectations when an 89% slide in quarterly profit triggers a 3% share price jump.

Kenworth Truck Co., a unit of Paccar Inc., announced that it would sunset production by year-end of its T660 model after a run of 10 years and is offering customers a final chance to order one, as it intends to build just 500 more.

With parts of Louisiana getting between two and three feet of rain over the last three days, more than 280 flooded state roads were closed to traffic on Aug. 15, affecting freight movement.

Oil closed at its highest level in five weeks, bolstered by a weakening dollar and speculation that OPEC talks next month could result in a crude output freeze.

Railroad operators around the country got a boost from federal regulators in their efforts to implement the automatic braking system known as positive train control.

American Trucking Associations President Chris Spear appeared on Fox Business News on Aug. 16, and for the third time in less than a week, addressed the topic of autonomous trucks. See video.

A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade.

Genesee & Wyoming Inc. has an agreement to buy Worcester’s Providence and Worcester Railroad Co. under a $125 million deal unveiled Aug. 15.

The U.S. cost of living was little changed in July, a sign subdued inflationary pressures will give Federal Reserve policymakers reason to keep interest rates low.