Business

U.S. ports continued to see year-over-year container volume increases in April, with the Port of Los Angeles reporting its ninth consecutive month of year-over-year growth.

Canada’s Alberta province has provided an Agri-Processing Investment Tax Credit to Imperial Oil Ltd. for a C$720 million project to build the nation’s largest renewable diesel facility. 

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates.

Volvo Trucks North America is launching a term-based program that offers fleets a way to sample how a Volvo VNR Electric model would work in their fleets.

American Trucking Associations has expressed safety concerns over a Drug Enforcement Agency proposal to downgrade the classification of marijuana from Schedule I to Schedule III.

The adoption of emerging technologies contributes to safety improvements throughout the nation’s transportation network, federal lawmakers and stakeholders said.

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.

Tesla reached a deal to resolve a lawsuit over the death of a Model S passenger in a 2016 crash, marking the second time in two months it has avoided a jury trial in California over a fatal wreck.

Battery-electric trucks have arrived at an evolutionary point not dissimilar to the one that brick-style cellphones occupied in the 1980s, Ryder System CEO Robert Sanchez said.

Hess Corp. shareholders approved Chevron Corp.’s $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp. over a key asset.