Business

Volvo Trucks North America has delivered its first electric-powered Class 8 truck on the East Coast to New York-based Manhattan Beer Distributors.

Pony .ai is considering a new funding round that could give the self-driving startup a valuation of at least $8 billion after the company put its U.S. listing plans on hold, according to people familiar with the matter.

WASHINGTON — President Joe Biden’s administration is moving at home and abroad to try to address concerns about rising energy prices slowing the nation’s recovery from the pandemic-induced recession.

WASHINGTON — The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand.

The delivery of new USPS trucks set for 2023 could be delayed.

WASHINGTON — Inflation at the wholesale level jumped a higher-than-expected 1% in July, matching the rise from the previous month, and dimming hopes that the upward trajectory of prices would begin to slow.

The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022.

Detroit, the engine brand of Daimler Trucks North America, supplied the most Class 8 engines in North America during the first half of this year, nudging past independent engine maker Cummins Inc. by 1,344 units or 1.1 percentage points.

WASHINGTON — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation’s households.

The Federal Motor Carrier Safety Administration has announced plans to update regulations for transportation of household goods to reduce costs for movers and mitigate the growing problem of fraud in consumer moves.