Business

WASHINGTON — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it has given the economy since the pandemic struck 18 months ago.

FedEx Corp. plans to spend more than $100 million to improve delivery van safety and reduce costs from accidents, potentially dragging on short-term earnings as the courier faces pressure from rising wages and other expenses.

General Motors Co. is planning to revamp its supply chain as the pandemic-triggered chip shortage and rising demand for chip-intensive vehicles have demonstrated the need for an overhaul.

CORAL GABLES, Fla. — Federal officials said Sept. 17 they will investigate a fiery Tesla crash that left two people dead in South Florida.

CLEVELAND — For a second time, Christopher Tate of Mohawk Truck Inc. was named Grand Champion at TMCSuperTech. During his 16th year at the event, Tate claimed victories in two individual stations — fuel & lubes and suspension — and said with this victory he plans to retire from the competition.

Ports operating in the U.S.’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes.

Dozens of safety-minded organizations launched a national coalition aimed at reducing the deadly threat of distracted driving on the nation’s highways.

Record prices and higher sales defined the used Class 8 market in August, ACT Research reported.

The Customized Logistics & Delivery Association (CLDA) has set up a fund to help its members who were victims of Hurricane Ida, the organization announced Sept. 8.