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A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

A jump in truck sales and margins in the fourth quarter of 2023 at Volvo Group saw the Swedish original equipment manufacturer’s profits almost double year-over-year, it said Jan. 26.

Federal trucking regulators plan to disqualify more than 15,000 physicians responsible for certifying that truck drivers are healthy enough to get behind the wheel.

United Rentals reported net profit of $679 million in the fourth quarter of 2023, a 6.3% year-over-year increase compared with $639 million in the year-ago period.

The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.

SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.

A.P. Moller-Maersk A/S’s newest methanol-powered vessel will soon set sail from South Korea as the shipper seeks to reduce emissions in one of the world’s most-polluting industries.

Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.

Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.

Infrastructure projects aimed at expanding and improving truck drivers’ access to parking are receiving $292 million in federal funding, the U.S. Department of Transportation announced.