Business

The Panama Canal Authority proposed a comprehensive restructuring of its toll system April 1 that would increase rates charged on cargo such as vehicles, oil and gas, and soybeans that cross the waterway as ocean shippers rake in record profits.

The Biden administration ordered carmakers to increase their average fuel economy to about 49 mpg by 2026, in an ambitious effort to make up for progress stalled when President Donald Trump rolled back the efficiency program.

Jacobs Vehicle Systems, a worldwide manufacturer of engine retarding and valve actuation systems for the commercial vehicle industry, has upgraded the company’s engine brake on model-year 2021 MX-11 heavy-duty diesel engines from Paccar Inc.

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.

Plus is considering listing its non-China businesses in a U.S. initial public offering, according to people familiar with the matter, after the self-driving-truck startup scrapped a merger with a blank-check company.

With the largest infusion of direct federal infrastructure spending set to begin, port leaders from around the country say they’re ready to begin rebuilding and upgrading their facilities to keep up with a record number of cargo containers moving through ports.

The rise in fuel prices is slowing a decline in spot rates while also potentially suppressing base revenue for some carriers, experts said.

WASHINGTON — Recent passage in the U.S. Senate of comprehensive legislation aimed at boosting domestic manufacturing of semiconductors is helping to set in motion formal negotiations with House lawmakers.

February’s average retail sales price for a used Class 8 set another all-time record, besting January’s previous high by jumping beyond $94,000 — and sales may have hit their high point, according to ACT Research.

Legislation that unanimously passed the Georgia Senate on March 30 will allow a defendant in civil litigation to apportion monetary damages to another party that shared fault in the case, but who was not named in the lawsuit.