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Used Class 8 truck sales in June came in at 21,500 units, equal to sales figures from the year-ago period, ACT Research reported.

OMAHA, Neb. — Union Pacific on July 26 hired Jim Vena as CEO as the company cut its outlook after reporting disappointing results driven by weakening consumer demand and higher labor costs.

American Association of Port Authorities CEO Chris Connor announced he is retiring effective Oct. 1.

The Federal Reserve said July 26 it no longer foresees a recession and raised its key interest rate by a quarter-point from roughly 5.1% to 5.3% — its highest level since 2001.

Higher gasoline and diesel taxes hit the pumps in several states starting July 1, while new laws also took effect to raise revenue from the sale of alternative fuels.

Seven major automakers are joining forces to build an electric vehicle charging network that would rival Tesla’s and nearly double the number of fast-charging plugs in North America.

MILAN — Stellantis on July 26 reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe.

Canadian National Railway Co. reported revenue of C$4.06 billion ($3.1 billion) in the second quarter, down 7% and missing analysts’ estimates.

Paccar posted record quarterly income in the three months that ended June 30, beating estimates as profits across some of the company’s divisions reported healthy year-over-year gains.

After committees approved versions of a fiscal 2024 transportation funding bill, Congress is unlikely to clear the legislation before its August recess.