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Lifted by the highest revenue of any quarter in its history, XPO Logistics Inc. swung its second-quarter bottom line to a profit from a loss in the year-ago period.

Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors.

NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic.

President Joe Biden will ultimately decide whether foreign chip producers will receive some of the $52 billion in funding planned to help ease the shortage that has hammered manufacturing, Commerce Secretary Gina Raimondo said.

The leaders of the U.S. Senate’s freight committee called on the Biden administration, congressional colleagues and private industry stakeholders to enhance security operations following the cyberattack on Colonial Pipeline.

Nearthlab’s drones use artificial intelligence and laser technologies to help pinpoint potential damage and reduce the chance of accidents during human inspections of wind turbines.

Shopify Inc. beat expectations in the second quarter, with adjusted profit per share more than double what analysts had forecast, and said operating earnings for 2021 should exceed last year’s.

Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.

Two U.S. senators proposed repealing the excise tax on new trucks as an effort to modernize the freight industry.