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An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.

Diesel prices climbed another 13.9 cents a gallon for the fourth straight week of a dime-or-more national average surge, according to data from the Energy Information Administration.

It came as a surprise at the ports of Los Angeles and Long Beach  when the ports of New York-New Jersey said their complex was the busiest cargo container handler in America.

President Joe Biden urged United Auto Workers and Detroit’s Big Three automakers to come to a “fair agreement,” weighing in on tense contract talks with major implications for the economy.

Self-driving truck developer TuSimple Holdings says it won’t be able to file its second-quarter 2023 financial report on time to meet a deadline imposed by the Nasdaq Stock Market.

FMCSA announced it will accept petitions for waivers from its 2018 and 2020 decisions to pre-empt truck driver meal-and-rest-break law requirements in California and Washington state.

Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.

Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said.

SAN FRANCISCO — California regulators on Aug. 10 approved an expansion that will allow robotaxi services Waymo and Cruise  to operate throughout San Francisco at all hours.

After predicting a “near-normal” hurricane season in May, experts now expect an above-average number of storms, as record-high ocean temperatures create favorable hurricane conditions.