Business

Aeva, a laser-sensor startup founded by two ex-Apple Inc. engineers, is poised to increase its war chest by $200 million with an investment by a Hong Kong-based hedge fund ahead of its public listing via a reverse merger.

The nation’s ports continued their breakneck pace in November as imported products arrived and unloaded at a record or near-record rate at facilities on the Pacific and Atlantic coasts.

Daimler Trucks North America will pay a $10 million fine and change how it recalls trucks after an investigation by federal safety regulators that found it did not recall vehicles in a timely fashion and comply with other reporting requirements.

U.S. railroads have completed installation of an automated crash-prevention system that covers 57,536 miles of freight and passenger tracks ahead of an end-of-year deadline that was previously extended, the Federal Railroad Administration announced Dec. 29.

Senate Majority Leader Mitch McConnell on Dec. 29 blocked an attempt by Democrats to force quick action on increasing direct stimulus payments to $2,000 despite President Donald Trump’s demands for the change.

U.S. railroads are back, with freight volume posting the first quarterly gain in two years.

The Federal Reserve has delayed the termination of the Main Street Lending Program to Jan. 8, from Dec. 31, to finish processing loans submitted by a Dec. 14 deadline to tap its funds.

As the COVID-19 pandemic stretches into 2021, the trucking industry will continue to address coronavirus-related challenges while confronting issues that existed long before most people had ever touched a face mask.

Boeing Co.’s 737 Max is poised to return to commercial service in the U.S. with the first flight since two deadly crashes prompted the longest aircraft grounding in the nation’s history.

Oil advanced with support from a weaker dollar and expectations of declining U.S. crude inventories.