Business

Sensing that its core customer group of small and medium-size fleets is now buying more trucks, Daimler’s Western Star unit launched a new highway tractor offering improved fuel efficiency while maintaining the brand’s classic styling. (See photos.)

XPO Logistics Inc. said three investors have agreed to a $700 million infusion of equity that will enable the company to accelerate its revenue and profitability growth plans.

A controversial BNSF Railway Co. labor contract proposal that would have cut some crews to one person from two has been rejected by workers who voted on the proposal, the union and the railroad confirmed.

Covenant Transportation Group Inc. said its third-quarter earnings per share will be triple what they were a year ago, excluding charges.

American consumer confidence rose to the highest level in more than a year in September, as households’ views on the outlook for the economy brightened.

Transportation Secretary Anthony Foxx announced $600 million in grants for 72 transportation projects in 46 states, including several projects aimed at rehabilitating deteriorating infrastructure.

Nevada officials said they hope to open one lane in each direction this weekend on Interstate 15, closed due to severe flood damage, but trucks still will be detoured.

U.S. rail intermodal traffic increased 4.5% in the week ended Sept. 6 compared with the same week last year, the Association of American Railroads reported.

The price of imported goods dropped in August, after falling the prior month, the Labor Department reported Sept. 12.