Business

Tracy Morgan and Wal-Mart Stores Inc. settled the actor-comedian’s lawsuit over a New Jersey Turnpike crash that had left him in a coma for days and killed another comedian.

The price of oil fell in New York on May 27 on ample U.S. crude stockpiles as output surged to a record.

U.S. trade with Canada and Mexico fell in in March from a year ago to $96.1 billion, but three of five transportation modes — trucks, railroads and air — rose year-over-year, the Department of Transportation reported.

Rep. Bruce Westerman (R-Ark.) introduced legislation this month that he said would add up to $15 billion a year to the Highway Trust Fund over the next decade through changes to the Medicaid expansion match rates established under President Obama’s signature health-care law.

Component maker Accuride Corp. signed a multiyear agreement with Daimler Trucks North America to supply its cast-and-machined Gunite brake drums to Daimler’s aftermarket parts group.

GE Capital Canada said it has signed an agreement with Shell Canada Products to facilitate the trucking industry’s adoption of liquefied natural gas in that country.

More Americans than forecast signed contracts to purchase previously owned homes in April, indicating a pickup in the housing market during the busy spring selling period.

Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.

WASHINGTON — As Senate transportation authorizers prepare to consider a six-year measure next month, Sen. Tom Carper (D-Del.) said efforts that would limit the federal government’s involvement in large-scale infrastructure projects would hurt the country’s intricate freight network.

U.S. rail intermodal traffic rose 4.3% in the week ended May 23 compared with the same week last year as carload volume declined for the fifth consecutive week, the Association of American Railroads reported.