Business

Vehicle leasing and rental company Ryder System Inc. on Feb. 16 reported strong fourth-quarter and full-year 2021 earnings that easily exceeded Wall Street analysts’ expectations.

Companies that use global supply chains to cover up collusion and criminal conduct could face fines equivalent to 10% of their revenue.

Applications for U.S. state unemployment insurance unexpectedly rose for the first time since mid-January, mainly concentrated in a few states in the South and Midwest, while most others declined.

Hirschbach Motor Lines on Feb. 16 announced that it will acquire Sapulpa, Okla.-based refrigerated carrier John Christner Trucking.

Walmart Inc. surpassed Wall Street’s quarterly profit expectations and unveiled an upbeat sales outlook for the current fiscal year despite persistent cost pressures and flagging consumer sentiment.

Major manufacturer Oshkosh Defense says it’s sticking with South Carolina for its $155 million mail truck plant, despite efforts by Wisconsin officials and union leaders to keep the company’s new investment in their state. The Oshkosh, Wis.-based company expects to hire 1,000 workers in South Carolina’s Upstate.

A new Idaho Trucking Association program using a truck simulator traveling to high schools appears to be paying off, by getting teens interested in driving careers.

The Biden administration is moving to restore California’s legal power to lead the nation in stifling auto emissions and accelerating the transition to electric vehicles.

OTTAWA, Ontario — Ottawa’s police chief was ousted Feb. 15 amid criticism of his inaction against the trucker protests that have paralyzed Canada’s capital for over two weeks, while the number of blockades maintained by demonstrators at the U.S. border dropped to just one.

Production at U.S. factories rose modestly in January, suggesting manufacturers gradually are working through pandemic-related shortages of materials and labor that hobbled output in the prior month.