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Drilling in the U.S. shale patch dropped to the lowest level in almost 2½ years as operators vow to make good on promises to investors for subdued production growth this year.

Walmart Inc. said it expects to generate profits in its U.S. e-commerce business within the next two years.

WASHINGTON — New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules.

Virginia is giving the boot next year to California’s electric vehicle mandates and will no longer be legally obligated to follow its emissions regulations.

FRANKFORT, Ky. — EVs have built up enough momentum from job growth and investments to steer past any roadblocks from Donald Trump and other critics, Kentucky Gov. Andy Beshear said.

The automotive industry has produced the first long-range EVs that are cheaper to buy than the average gas-powered car.

Jim Morrison, former U.S. head of the Jeep and Ram brands, has left Stellantis, adding to a string of executive departures as the automaker grapples with sluggish sales.

WASHINGTON — America’s employers added a vigorous 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring.

NFI acquired Transfix’s digital freight brokerage operation for an undisclosed sum, the carrier said June 5.

ABF Freight is ramping up its use of Drov Technologies’ AirBoxOne platform, which integrates truck and trailer sensors, Oklahoma City-based Drov said.