Business

P&O Ferries Ltd. resumed freight-only services on the critical English Channel crossing between Dover and Calais after a six-week hiatus as it tries to move on from outrage caused by the abrupt firing of nearly 800 staff.

Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China now are paying a price for the country’s sweeping lockdowns that have confined millions to their homes.

Canadian National Railway experienced an increase in revenue but a decline in earnings during the first quarter, the company reported April 26.

Walmart Inc. made a big splash recently with the news that it was boosting its overall pay package for first-year drivers to as much as $110,000 a year. But its new compensation package for drivers of all experience levels covers more than just pay per mile.

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

Paccar Inc. posted increases in net income and total revenue in the first quarter, the truck maker said in its report released April 26.

The U.S. is backing a project to create the world’s largest hydrogen production and storage facility in Utah in a push to bring the clean-burning fuel into the mainstream.

The average retail price in March of a used Class 8 vehicle pushed past the $100,000 mark for the first time, ACT Research reported.

Long Beach harbor commissioners on April 25 approved an agreement — hailed as groundbreaking — that will deploy 100 battery-electric trucks owned and operated by Schneider and NFI to the twin ports of Los Angeles and Long Beach.

The leader of the transportation policy committee in the U.S. Senate endorsed the Biden administration’s latest initiative to curb emissions through a comprehensive funding program.