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Gasoline demand in the U.S. shows signs of further softening just three weeks into the peak driving season, with near-record prices likely encouraging people to stay closer to home.

The entire U.S. and Canadian market of hundreds of thousands of simple medium-duty box trucks will come to embrace electrification, leading the way for other more complex medium-duty applications over the next decade as the industry pursues zero emissions, according to the North American Council for Freight Efficiency.

Hyzon Motors Inc. has selected Shawn Yadon to be president of commercial operations, the fuel cell electric mobility company announced June 29.

WASHINGTON — The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians.

Higher gas taxes will sweep across pumps in several states on July 1 to drive fuel prices even higher.

Tesla Inc. laid off hundreds of workers on its Autopilot team as the electric vehicle maker shuttered a California facility, according to people familiar with the matter.

U.S. restrictions on exports “are at the red-hot center of how we best protect our democracies” because they cut off supply of crucial technologies to countries that threaten American national security, Commerce Secretary Gina Raimondo said.

WASHINGTON — The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported June 29 in a slight downgrade from its previous estimate for the January-March quarter.

FedEx Corp. expects to grow earnings per share as much as 19% annually over the next three years by targeting “high-value” customers and squeezing more efficiency out of its networks.

Global road fuel demand will peak in five years, though it will be decades before shifts in consumption reshape transportation’s reliance on fossil fuels, according to a report from BloombergNEF.