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PHMSA said the proposed rule, announced earlier this month, would provide nearly $100 million in annual cost savings for businesses and consumers.

China’s Contemporary Amperex Technology Co. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.

SF Holding Co., China’s biggest express delivery company, is targeting a second listing in Hong Kong at the end of next month that could raise about $1 billion.

UPS Inc. posted a year-over-year increase in revenue during the third quarter of 2024 despite challenging market conditions, the company reported Oct. 24.

OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.

C.C. Clark will invest $129 million to build a corporate headquarters as part of a new 300,000-square-foot distribution center along Kentucky’s Interstate 65 corridor.

The company on Oct. 23 reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate.

USDOT announced more than $4 billion in grants Oct. 21, including projects in Nevada, Ohio and Wisconsin that will add parking to existing facilities along interstate highways.

Shares of the Elon Musk-led company have fallen 12% this year through Oct. 22, while all of its Big Tech peers have advanced.

Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.