Business

Transport Topics has launched a digital event series that spotlights its supplemental publications, and featured its new Calibrate equipment-focused magazine and redesigned iTECH technology publication in its debut episodes.

DETROIT — The Biden administration wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026, and it has won a voluntary commitment Aug. 5 from the industry that electric vehicles will comprise up to half of U.S. sales by the end of the decade.

Class 8 orders poked along in July at about 25,000, ACT Research reported as order boards appear full for the remainder of this year.

From the rise in multimillion dollar “nuclear” jury verdicts against motor carriers to federal and state efforts to redraw the industry’s independent contractor business model, these are pressing times for lawyers that represent trucking companies.

Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month.

Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year.

Yellow Corp. reported an increase in net revenue and a narrower net loss for the second quarter.

Commercial vehicle supplier CVG reported higher second-quarter net income and record quarterly revenue as it continued to diversify its customer base and emphasize secular growth.

Continental AG, Europe’s second-biggest supplier of car parts, warned the global bottleneck in chip supply and raw material cost inflation will drag on the auto industry through the rest of the year.

WASHINGTON — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging.