Business

KOKOMO, Ind. — A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America.

The Atlantic is poised for its seventh consecutive overactive hurricane season, a worrying forecast for coastal residents as well as energy and commodity markets already roiled by Russia’s war in Ukraine.

Diversified supplier Commercial Vehicle Group Inc. reported net income fell sharply and revenue slipped in the first quarter as it dealt with challenges on three fronts.

When industry pays more for diesel, it passes along the higher cost to customers and the financial pain ripples through the economy, driving inflation and squeezing everyday consumers. The only way out may be a painful one.

A new report and survey conducted by the Women In Trucking Association showed that most women regard the industry as safe, but many report they have been the recipients of verbally offensive comments, verbal threats and abuse in recent years.

Albemarle Corp., the world’s largest producer of lithium, raised its outlook for the second time this month as tight supply and growing electric vehicle demand forces battery makers to pay up for the metal.

Traffic at the Port Authority of New York and New Jersey’s bridges and tunnels has returned to pre-pandemic levels, partly due to changes in traveling habits, said Rick Cotton, the agency’s executive director.

Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.

With a laundry list of hurdles facing many trucking companies, the focus on preventive maintenance becomes clearer as fleets are adding alternative suppliers and providers, and stockpiling inventory to help control costs and reduce downtime.