Business

Roadrunner improved transit times across 149 major lanes as part of an ongoing initiative to improve speed across its network, the company announced May 17.

Chevron Corp. agreed to buy oil and gas producer PDC Energy Inc. in a $6.3 billion all-stock deal as it seeks to expand amid what may be a busy year of mergers and acquisitions in U.S. shale.

Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.

General Motors Co. is finally pushing into the heart of the electric pickup market with its Chevrolet Silverado work truck starting production this month.

Volvo Trucks has signed a letter of intent to sell up to 1,000 electric trucks to a single customer in its largest EV order to date, the manufacturer announced May 22.

The Biden administration has dropped, for now, a plan that would have awarded automakers such as Tesla Inc. credits for using renewable natural gas to power electric vehicles.

WASHINGTON — Chair Jerome Powell indicated May 19 that the Federal Reserve likely will forgo an increase in its benchmark interest rate when it meets in June.

Walmart shares are outshining those of Target as Wall Street anticipates the shopping behemoth’s broad array of household necessities will offer shelter from slowing economic growth.

Ford Motor Co. CEO Jim Farley is sticking with a goal for the company’s money-losing electric vehicle unit to be churning out 2 million models annually in a few years.

Deere & Co. raised its full-year profit forecast amid strong demand for farm equipment and the easing of supply chain woes that have dogged companies since the pandemic.