Business

A multiyear highway policy bill recently approved in the U.S. House of Representatives would fund a comprehensive truck parking initiative, and pave the way for the adoption of other freight-centric programs.

The California Transportation Commission has allocated $1.18 billion for infrastructure projects throughout the state.

The Port of Los Angeles became the first port in the Western Hemisphere to process 10 million container units in a 12-month period, reaching the milestone on June 10.

U.S. gasoline consumption in the week leading up to the Independence Day holiday may have been the highest since 2019, adding to signs of recovery from the pandemic travel slump, analysts said.

Biden administration officials are “encouraged” by ongoing OPEC talks and have spoken with officials in Saudi Arabia and the United Arab Emirates in hopes of reaching an agreement to stem the rise in crude prices, White House Press Secretary Jen Psaki said.

Knight-Swift Transportation Holdings has announced a deal to acquire less-than-truckload specialist AAA Cooper Transportation.

ZF Group's new scalable suite of data- and AI- based services is intended to help original equipment manufacturers digitally accelerate the development of advanced driver assist systems for commercial vehicles and passenger cars.

A bipartisan group of House lawmakers on July 6 publicly endorsed President Joe Biden’s $579 billion infrastructure deal with a group of Republican and Democratic senators, giving the compromise fresh momentum at the start of a crucial month for the administration’s agenda.

NEW YORK — Amazon founder Jeff Bezos stepped down as CEO on July 5, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic.

Daimler AG and Jaguar Land Rover became the latest carmakers to warn of crimped sales as a result of the global semiconductor shortage, with the latter flagging that deliveries in the second quarter will be 50% worse than initially thought.