°®¶¹´«Ã½

The Volvo Group announced a $41 million investment in North Carolina’s Piedmont Triad region to purchase and expand the building housing its U.S. Uptime Center, which will now also serve as the global headquarters for Volvo Financial Services (VFS).

Sensor technology suppliers Spartan Radar and Uhnder Inc. have formed a partnership to develop improved sensing capabilities for advanced driver-assistance systems and autonomous driving technology for commercial trucks.

Oil surged above $105 a barrel for the first time since 2014 after Russia attacked sites across Ukraine, triggering fears of a disruption to energy exports at a time of already tight supplies.

DETROIT — Ford Motor Co. CEO Jim Farley says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales.

As cargo volumes continued to surge at the nation’s ports in January, the Biden administration on Feb. 23 announced plans to make $450 million available in new grant funding as part of the Department of Transportation’s Port Infrastructure Development Program.

Motor carriers can offset the rising cost of insurance premiums by continuously improving their overall safety practices and expanding use of smart technology, a new report said.

TravelCenters of America Inc. reported fourth-quarter net income soared and revenue nearly doubled.

Renewable Energy Group Inc., a green diesel maker, is exploring options after receiving takeover interest, including selling itself, according to a person familiar with the matter.

Dana Inc. reported mixed results in the fourth quarter as net income fell and revenue moved higher as the disrupted supply chain continued to hamper operations, and heavy-duty truck demand rose.

The U.S. Postal Service has finalized a contract to replace its mail truck fleet with almost all gasoline-powered models, drawing an angry response from Biden administration officials who unsuccessfully pushed the agency to buy electric vehicles instead.