Business

Carriers are boosting compensation to address an ongoing driver shortage that some fear may worsen as a recent surge in COVID-19 cases threatens to put new strains on the supply chain.

General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles.

Leaders at the National Association of Manufacturers argued the incoming administration would be better prepared to address concerns regarding the economy, national security and the distribution of COVID-19 vaccines via a collaborative process between President Donald Trump’s outgoing team and President-elect Joe Biden’s incoming personnel.

Daimler Trucks North America is making headway on a yearlong customer service improvement initiative as it works with dealers to have parts and technicians ready to go when a broken truck reaches the service bay.

With a surge in imports, the nation’s ports are reporting record or near-record activity as warehouses and stores restock eight-plus months into the COVID-19 pandemic.

Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.

Electric Last Mile Solutions, an electric vehicle startup, is in talks to go public through a merger with Forum Merger III Corp., according to people with knowledge of the matter.

Applications for U.S. state unemployment benefits rose for the first time in five weeks and remained well above pre-COVID levels, suggesting the labor market recovery is slowing amid a surging pandemic and fresh business restrictions.

A case that alleges ocean carriers are overcharging truckers for use of container chassis at ports will proceed after a judge denied a request for dismissal filed by the defendants.

With virus cases surging, hospitals filling up and more U.S. states imposing restrictions, Americans are likely to drive a lot less this Thanksgiving. Only 35% will travel by car this year, down from 65% a year ago, according to survey from retail fuel tracker GasBuddy.