Business

Ford Motor Co. and Volkswagen AG are progressing toward an agreement to join forces on self-driving cars and have overcome earlier obstacles, according to people familiar with the talks.

PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year.

XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.

WASHINGTON — Dave Bauer, the new leader of the American Road and Transportation Builders Association, said he believes that raising and indexing federal fuel taxes is the best way to achieve sustainable funding for infrastructure upgrades needed around the country.