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The Organization of Petroleum Exporting Countries and its allies reached an agreement to ease its oil-output cuts next year more gradually than previously planned, giving a fragile market more time to absorb the extra supply.

Moving company Atlas Canada has named Fred Haladay to the post of president and chief operating officer.

Elon Musk’s dizzying ascent in 2020 hit a new peak this week as he’s about to become the head of an S&P 500 Index company. That’s just days after surging to the second-richest person on the planet with a $139 billion fortune.

Applications for U.S. state unemployment benefits fell by the most in almost two months, offering some hope that the gradual recovery in the job market will continue despite a spike in COVID-19 infections and renewed business restrictions.

The Transportation Intermediaries Association is asking federal regulators to sunset a decades-old regulation that the group argues is out of alignment with today’s brokerage marketplace.

XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.

FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.

The American Society of Civil Engineers on Dec. 2 released infrastructure report cards for Maine and West Virginia, both of which reflect challenges associated with aging infrastructure and financial needs.

Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.

The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report.