Business

Toyota Motor Corp. posted third-quarter profit that topped estimates, but kept its conservative outlook for the year intact.

The Department of Energy advised proposed consortiums backed by states and others competing for a share of $7 billion in federal funds for their regional hydrogen hubs to get their permits, cost projections and community outreach plans in order.

LAS VEGAS — Autonomous and electric-powered trucks hold great potential to improve safety and efficiency in the freight transportation sector, but it will take time for these emerging technologies to overcome various market challenges and achieve widespread commercialization, industry executives said.

COLUMBUS, Ohio — Ohio’s privatized economic development office has finalized an agreement with Honda to infuse $237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub.

North American Class 8 orders in January hit 18,400 units, continuing a monthly decline since peaking in September, ACT Research reported.

Ohio DOT Director Jack Marchbanks emphasized increased costs during a Feb. 7 hearing in which he unveiled Gov. Mike DeWine’s transportation budget recommendations.

Werner Enterprises experienced an earnings decline despite revenue gains due to changing macroeconomic conditions in the fourth quarter, the company reported Feb. 7.

A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.

OMAHA, Neb. — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time.

Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.