Business

The U.S. Department of Transportation announced $10 million in funding for minority- and women-owned businesses to help them compete for federal highway contracts from the forthcoming $1.2 trillion in infrastructure investments.

NEW YORK — Wall Street pointed toward a higher open on March 22, one day after Chairman Jerome Powell said the Federal Reserve was prepared to raise its benchmark short-term interest rate by a half-point multiple times, if necessary, to battle inflation.

Chevron Corp. plans to operate its California refinery “normally” amid a worker strike that began just after midnight on March 21, potentially limiting the impact on gasoline prices in the state.

Repowr, a collaborative logistics marketplace and digital-leasing platform, announced it closed a $4.2 million seed round.

Navistar is teaming with Platform Science to add telematics solutions to its trucks, the companies announced March 21.

Stevens Transport has implemented its largest driver pay increase in its 42-year history, the company announced March 18.

Companies will need to reveal detailed information about their greenhouse gas pollution under a proposed U.S. Securities and Exchange Commission plan, marking a major shift in how corporations must show they are dealing with climate change.

Traton Group reported operating income and revenue rose sharply in 2021 compared with a year earlier, amid its strong truck and service businesses, and the integration of new U.S. subsidiary Navistar.

DETROIT — Canadian Teamsters and CP Rail blamed each other for a work stoppage March 20 that brought trains to a halt across Canada and interrupted fertilizer and other shipments to and from the U.S.