Business

Daimler Truck reported net income tumbled 81% and revenue increased 17% in the first quarter as it faced persistent supply chain bottlenecks and passed along rising costs amid increased demand.

Infinitum Electric, an electric motor maker based in Texas, has attracted $80 million in investment from several major energy-focused firms, enabling it to boost production.

SCOTTSDALE, Ariz. — The acting head of the Federal Motor Carrier Safety Administration said her agency and trucking are in alignment on top issues confronting the industry, and pledged to work collaboratively with fleets to address them.

Argo AI, the driverless startup backed by Ford Motor Co. and Volkswagen AG, has started testing self-driving vehicles in Miami and Austin, Texas, without a human behind the wheel.

Gasoline pump prices have risen above $4 a gallon in all states in the U.S. for the first time ever as the last holdouts — Kansas, Oklahoma and Georgia — saw prices rise overnight, according to auto club AAA.

Ryder System Inc. opened a facility in Caldwell, Idaho, as part of a strategic expansion of its last-mile network, the company announced May 17.

Truck drivers will continue to provide key contributions to the freight industry as automation is steadily adopted throughout the transportation landscape, Secretary of Labor Marty Walsh said recently.

While local communities have more access to federal infrastructure funds to improve transportation, rising project costs are creating difficulties.

LONG BEACH, Calif. — Hydrogen fuel cells are being adopted in transit fleets, and trucking is poised to be the second mover with the fuel — and ultimately see a price at production comparable to diesel, experts said at ACT Expo.

Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.