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Apple Inc. has enlisted one of Lamborghini’s top car-development managers in a sign that it’s stepping up work on a self-driving electric vehicle, according to people with knowledge of the situation.

Union Pacific, the second-largest U.S. railroad, is spending $1 billion to modernize 600 trains.

WASHINGTON — The Federal Reserve on July 27 raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.

The Senate on July 27 passed legislation that includes $52 billion in grants and incentives for U.S. semiconductor manufacturing, an industry that has steadily lost ground to foreign competitors in recent years.

Operations at the Port of Oakland have resumed after being paused in the wake of protests from independent truck drivers unhappy with a state law that would reclassify them as employees of motor carriers.

The 22,000-member International Longshore and Warehouse Union and the Pacific Maritime Association jointly announced July 26 they have reached a tentative agreement on health care benefits.

OMAHA, Neb. — Railroads will be required to maintain two-person crews under a new rule announced July 27 that will thwart industry efforts to cut crews down to one person.

Canadian National reported record second-quarter earnings that beat the expectations of Wall Street analysts.

Sen. Marco Rubio (R-Fla.) wants the U.S. to sanction China’s purchases of oil and other energy supplies from Russia in an effort to cut off funding for that country’s war against Ukraine.

Paccar Inc. reported record net income and revenue for the second quarter as all segments of its business showed strength.