Business

November trailer orders rose 43% to the fourth-highest level ever, following October’s record high, to 36,000 units, ACT Research Co. reported.

Amazon.com Inc. began offering one-hour delivery in Manhattan Dec. 18, the retailer’s latest effort to connect consumers with products they order online as quickly as possible.

David Cobb has been promoted to chief financial officer at ArcBest Corp., succeeding Michael Newcity, who will assume the role of chief innovation officer and president of ArcBest Technologies.

U.S. rail intermodal traffic increased 4.5% in the week ended Dec. 13 compared with the same week last year, the Association of American Railroads reported.

Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.

Protracted labor talks at the busiest U.S. container ports are leading to delayed deliveries to some retailers, and may result in a lot of gift cards under Christmas trees in place of absent presents, FedEx Corp. said.

U.S. electricity costs are poised to reach the highest level since 1999 because railroads are too clogged to deliver enough coal to power plants.

A federal panel in in Charleston, South Carolina, has approved a request by Navistar to consolidate and transfer to a federal court in Chicago 13 of 14 defective engine lawsuits filed against the truck maker in eight separate jurisdictions.