Business

WASHINGTON — In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse gases.

Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters.

Trucking companies that are growing more selective with loads are spurring heightened competition among shippers, experts said.

Canadian National Railway Co. dropped the most in eight months after saying that Jim Vena, a former executive favored by shareholder TCI Fund Management Ltd. to run the company, had dropped from consideration to replace CEO Jean-Jacques Ruest.

A federal appeals court panel on Dec. 17 allowed President Joe Biden’s COVID-19 vaccine mandate for larger private employers to move ahead.

The Biden administration’s release of crude from U.S. emergency reserves to cool oil’s rally is going into a second round, with bids due by the first working day of the year.

BrightDrop, General Motors Co.’s new electric delivery and logistics business, has delivered the first five vans of an order of 500 to FedEx Corp., the company said Dec. 17.

M&K Truck Centers, with locations in four states, named Josh Wolf chief operating officer, effective immediately.

Dan Ammann has abruptly left the CEO role at Cruise, the autonomous driving unit that is majority owned by General Motors.

Traton SE is banking on its Swedish Scania brand, one of the world’s most profitable truck makers, to beat a path to challenging industry leaders Daimler Truck AG and Volvo AB with newcomers like Nikola Corp. also making a push.