FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs.

Covenant Transport handed out $88,000 in its new team bonus program last month to 44 teams that eclipsed the 60,000 miles together to earn the company’s new $2,000-per-team bonus.

The Trump administration is preparing to battle California’s tough car pollution regulations using an approach that federal courts already have rejected. Twice.

LONG BEACH, Calif. — Solar technology provider eNow unveiled a 53-foot refrigerated trailer with solar panels mounted on its roof, calling it the first such all-electric solar-based refrigeration system to be deployed.

Retailers, railroads and electricity companies are pressing for U.S. government approval to fly drones longer distances. Regulators, geared to an aviation industry that can take five years to get a new jetliner in the air, are struggling to adjust to the breakneck pace.

Stemco Products Inc. announced that PepsiCo Inc. will update 1,600 of its trailers with the company’s TrailerTail and EcoSkirt products to support its corporate sustainability targets.

Blackstone Group agreed to acquire Gramercy Property Trust, which owns industrial real estate in the United States and Europe, in a cash deal valued at $7.6 billion.

Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.

Canadian National Railway plans to purchase 350 73-foot center beam railcars to meet the growing demand for transporting lumber products, the Montreal-based railroad announced May 2.

XPO Logistics Inc. reported on May 2 that its first-quarter results vaulted more than 100%, stemming from the heightened demand from domestic freight and last-mile delivery.