Business

Rivian Automotive Inc. is shuffling its executive ranks in an effort to help the Amazon.com Inc.-backed company overcome growing pains.

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020.

DETROIT — The Senate on May 26 confirmed former California pollution regulator Steven Cliff to run the National Highway Traffic Safety Administration.

Nicholas Schmidt of Standish, Mich., became owner No. 1 of Ford Motor Co.’s first electric pickup, the F-150 Lightning.

The Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record-high gasoline prices that are setting off political alarm bells ahead of the midterm elections.

To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country.

The national average price of diesel dipped for the second week in a row, down this week by 4.2 cents to $5.571 a gallon from $5.613, the Energy Information Administration reported May 23.

Truck tonnage in April increased on an annual basis but declined compared with March, American Trucking Associations reported.

Congressional funding leaders are aiming to kick off consideration of the 2023 transportation appropriations bill as early as June.

The average used Class 8 retail sales price in April soared compared with a year earlier, as expected. But a closer vantage point showed it fell month-over-month for just the second time since July 2020, ACT Research reported.