Business

FHWA announced May 26 that $5.6 million had been distributed in Accelerated Innovation Deployment Demonstration program grants.

Amtrak’s proposed $11.6 billion passenger rail tunnel between New York and New Jersey received long-delayed environmental clearance from U.S. officials, the project’s biggest step forward in years. The decision is crucial to start the next phase of work and secure billions of federal dollars for what’s considered one of the most vital U.S. infrastructure needs.

Italy’s government is in talks with Stellantis NV, the carmaker formed by the merger of Fiat Chrysler and PSA Group, about investing in electric-vehicle battery manufacturing in the country, according to people familiar with the matter.

Commercial buyers will be among the fastest adopters of electric pickup trucks like the Ford F-150 Lightning that will go on sale next year, according to industry analysts.

WASHINGTON — Americans increased their spending by a slight 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks.

DETROIT — Two key groups that offer automobile safety ratings are yanking their top endorsements from some Tesla vehicles because the company has stopped using radar on its safety systems.

Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them.

The average sales price for a used Class 8 sold in April set the all-time record, clearing $57,000, 50% higher than a year earlier.

The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.

Trucking companies are continuing to increase driver pay as labor capacity remains a challenge amid strong demand.