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Rheinmetall AG is set to buy a U.S. military vehicle specialist for $950 million as the German company seeks to expand its position in the world’s largest defense market.

WASHINGTON — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

This summer, the one time Mike Light focused all his energy on demonstrating the full prowess of his precision-driving skills, he took home Pennsylvania’s grand champion trophy.

Darling Ingredients soared the most in eight years after California signaled it may limit the use of seed oils in green diesel, which would be a boon to companies that use rival feedstocks.

Building on its 2018 debut, Uber Freight Shipping has expanded beyond streamlined freight quoting, booking and tracking.

Cargill Inc. took a revenue hit of almost 10% in its most recent fiscal year, a decline that comes amid signs of profit struggles at the world’s biggest crop trader.

Bestpass-Fleetworthy Solutions has acquired connected truck and weigh station network operator Drivewyze, the companies announced Aug. 7. 

Norfolk Southern will invest $200 million to grow capacity on a key Alabama rail line in a freight corridor for agriculture, automotive, chemicals, forestry and steel goods.

SONOMA, Calif. — Peterbilt is working with its dealers and customers to deploy end-to-end solutions for electric vehicle applications and meet regulatory requirements.

Kroger Co. and Albertsons Cos. have spent more than $800 million on fees paid to lawyers, bankers and advisers for their proposed merger.