Business

Oil fell for a fifth consecutive day June 14, heading for the longest run of declines since February, as U.S. industry data showed crude stockpiles expanded, exacerbating an oversupply.

The rebound in fuel costs pushed up U.S. wholesale prices in May for a second month, overshadowing a drop in pricing power more broadly that signals inflation will take time to move toward the Federal Reserve’s goal.

GRAND RAPIDS, Mich. — SAF-Holland introduced new air disc brakes for trailers geared to commercial fleets in North America, with the base model at “a significantly lower price point than previous generation air disc brake systems.”

Norwegian manufacturer Hexagon Composites and Agility Fuel Systems announced plans to merge Hexagon's compressed natural gas automotive products division with Agility to form a new company, Agility Fuel Solutions.

Nikola Motor Co. said it has received more than 7,000 reservations for its yet-to-be-unveiled electric Class 8 truck, the Nikola One.

The U.S. Federal Aviation Administration announced on June 13 that it is proposing a $350,000 civil fine against Amazon.com Inc. for shipping a product that allegedly violated hazardous materials regulations and injured several UPS workers who handled the package.

After a three-month pilot program to alleviate truck backups, the Port of Oakland's largest terminal operator is planning to keep its gates open at night and will begin charging a new flat fee to pay for the extended hours.

When the Panama Canal reopens its wider, deeper locks and channel on June 26, Port Manatee officials will be looking to turn that greater capacity into more cargo traffic.

Office supply giant Staples Inc. announced on June 14 that it will be rolling out its own same-day delivery service, called Staples Rush, to major metropolitan areas in the United States.

The Senate on June 13 cleared a bill that would direct federal regulators to implement a series of pipeline safety mandates.