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Global Logistic Properties Ltd. agreed to buy more than 200 warehouses from Industrial Income Trust Inc. for $4.55 billion in a deal that will make it the second-largest owner of U.S. industrial real estate.

Before adjourning for the August break, House Republican leaders on July 29 garnered sufficient support from Democrats to send to the Senate a measure that would authorize funding for the Highway Trust Fund for three months.

General Motors Co. announced the availability of diesel-powered versions of its Chevrolet Colorado and GMC Canyon midsize pickup trucks. 

Consumer confidence slumped in July by the most since August 2011 as Americans grew less upbeat about prospects for the economy, employment and their finances.

A GOP-backed three-month funding patch for transportation programs that is advancing through the House, for which Senate Republican leaders have expressed support, would push a six-year transportation bill with several trucking provisions to the side, at least for now.

The first wave of long-range commercial drones should be allowed to operate in a narrow, low-altitude band and must agree to be tracked, according to Amazon.com Inc.’s vision of the future.

In 1975, President Gerald Ford signed into law a bill allowing states to permit higher truck weights on interstate highways, and it’s worth remembering the reason for the measure – a national speed limit of 55 miles-per-hour had crimped productivity for the nation’s truck drivers.

The Senate late on July 27 agreed to limit debate on a six-year highway bill, paving the way for final passage within days.