Business

Renault SA and China’s Geely announced plans on Nov. 8 for a jointly owned venture to produce gasoline-powered and hybrid powertrains, adding to a series of partnerships between global automakers to share soaring technology costs.

Optimism among U.S. small businesses retreated in October for the first time in four months as the sales outlook worsened, while some measures of inflation accelerated.

Oil tankers hauling fuels such as gasoline and diesel are poised for their biggest demand surge in three decades next year, with disruption to Russian oil flows boosting the distances vessels will have to sail.

Autonomous vehicle company Aurora Innovation Inc. and Ryder System Inc., a provider of supply chain, dedicated transportation, and fleet management solutions, announced a strategic collaboration to pilot on-site fleet maintenance.

Daimler Truck North America announced a recall of potentially 218,147 units including certain new Cascadia, Western Star and Business Class M2 models equipped with painted modulator valves and adaptive cruise control technology and related anomalies with braking.

Over the past year, the autonomous trucking sector has accelerated efforts to test its technology in real-world applications.

There appears to be significant support from hazardous materials carriers, inspectors and first responders for regulators to continue the transition from paper shipping and other hazmat documents to an electronic alternative.

More than half a year after the launch of an information-sharing forum meant to facilitate communication between freight stakeholders, the country’s top transportation officer gave it a resounding endorsement.

Logistics services provider Ascend announced it acquired Fuchs Trucking, based in Sauk City, Wis., a move intended to deepen Ascend’s footprint in the upper Midwest.

Already the No. 1 inland port in North America, Laredo is expected to further solidify its position and see substantial trade growth according to local leaders thanks to the planned addition of a second international railway bridge.