Business

Component maker Accuride Corp. signed a multiyear agreement with Daimler Trucks North America to supply its cast-and-machined Gunite brake drums to Daimler’s aftermarket parts group.

GE Capital Canada said it has signed an agreement with Shell Canada Products to facilitate the trucking industry’s adoption of liquefied natural gas in that country.

More Americans than forecast signed contracts to purchase previously owned homes in April, indicating a pickup in the housing market during the busy spring selling period.

Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.

WASHINGTON — As Senate transportation authorizers prepare to consider a six-year measure next month, Sen. Tom Carper (D-Del.) said efforts that would limit the federal government’s involvement in large-scale infrastructure projects would hurt the country’s intricate freight network.

U.S. rail intermodal traffic rose 4.3% in the week ended May 23 compared with the same week last year as carload volume declined for the fifth consecutive week, the Association of American Railroads reported.

The White House Office of Management and Budget has completed its review of the National Highway Traffic Safety Administration’s final rule on electronic stability control systems for heavy vehicles, bringing it a step closer to publication.

A trade group recently proposed the creation of a corridor for self-driving trucks to deliver freight without passports or visas from Mexico to Canada, CBC reported.

Iraq is taking OPEC's strategy to defend its share of the global oil market to a new level.

Diesel’s national average price rose a penny to $2.914 a gallon, the sixth straight increase for trucking's main fuel, the Department of Energy reported.