Shipowners are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week.

Congress returns to Capitol Hill on June 1 after the Memorial Day recess to re-engage in midterm election politics driven by partisan affordability messages.

Lawmakers are weighing legislation that would ban carmakers with ties to foreign adversaries, a measure that threatens to upend Mercedes-Benz's U.S. business.

Tomatoes, ubiquitous in everything from fast-food burgers to haute cuisine, are taking on a new role beyond the plate: A nagging reminder of rising costs.

Pickups were made for work. They became icons of a rural ideal, potent enough to inspire and populate many a country song.

Twenty-nine of the 109 bigger vessels, which were stranded when the Strait of Hormuz was effectively shuttered after the conflict erupted on Feb. 28, have crossed the chokepoint.

Ford’s newfound status as a possible beneficiary of the artificial intelligence boom sparked an investor frenzy, with its stock surging more than 40% in May.

Toyota’s decision underscores how major automakers are recalibrating their electrification goals as demand growth slows and government incentives become less certain.

Chevron would not consider paying a toll to move ships through the Strait of Hormuz, CEO Mike Wirth said.

The shortfall in goods trade shrank 3.4% from the prior month to $82.4 billion, Commerce Department data showed May 29.

Brent crude, the international standard, slipped 0.1% early May 29 to $92.58 a barrel.

Costco Wholesale reported higher-than-expected profit in the latest quarter, showing the club chain continues to gain ground among cautious U.S. shoppers. 

Police busts of fencing operations — networks that resell stolen goods — indicate business is booming online and at in-store shopping venues.

The United States Postal Service is suspending discretionary spending across the organization as it faces a looming liquidity crisis.

Shares of Union Pacific and Norfolk Southern slumped the most in more than a year after the STB paused its review of their planned $72 billion merger.

ArcBest introduced a digital logistics platform called ArcBest View, which is intended to let customers quote, book and manage shipments in a single place.

USPS will carry out last-mile e-commerce deliveries directly to customer homes for DHL under the agreement, the companies said in a statement May 28. 

Jeff Schomburger, who has spent a decade on Tyson’s board, will become president and CEO on Oct. 4, succeeding Donnie King.

The remarks come as the U.S. and Mexico begin formal talks on potential changes to the continental trade pact known as USMCA.

Dubbed the Ojai, the self-driving vehicle will initially be made available to select riders in San Francisco, Los Angeles and Phoenix.