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WASHINGTON — Congress approved an extension to Dec. 3 of the Oct. 31 deadline for transportation funds that were at risk of expiring, an action necessary after the House of Representatives failed to vote Oct. 28 on the $1 trillion infrastructure bill already approved by the Senate.

Allison Transmission Holdings Inc. notched higher third-quarter net income and revenue amid demand rising to near pre-pandemic levels.

Amazon .com Inc. gave a forecast for holiday sales that fell short of analysts’ estimates, signaling the pandemic’s boost to online shopping continues to fade.

Traton Group, which now includes U.S.-based truck maker Navistar, reported gains in net income and revenue for its 2021 nine-month period on the strength of truck manufacturing and financial services.

President Joe Biden’s point-person for clearing the supply chain bottleneck in southern California hailed a new agreement that will fast-track multiple logistics projects in the Golden State.

ExxonMobil’s chief executive said Oct. 28 that his company “does not spread disinformation regarding climate change,” as he and other oil company chiefs countered congressional allegations the industry concealed evidence about the dangers of global warming.

Bottlenecks in the global supply chain threaten to drive up renewable-power costs, reversing a decadelong trend that made wind and solar mainstream.

A California trucking school executive has been sentenced to 15 months in federal prison for his role in a fraud scheme to siphon off more than $4 million in veterans GI Bill funding to pay students who never attended classes.

Atlanta-based Class I railroad Norfolk Southern reported record third-quarter results on Oct. 27, exceeding Wall Street’s expectations, even as railroad officials said freight growth is being hampered by supply chain disruptions at seaports, intermodal facilities and in trucking.

House Speaker Nancy Pelosi (D-Calif.) is pressuring House Democrats to pass the bipartisan infrastructure bill as soon as today but is running into stiff opposition from progressives, who want to see the legislative text of a larger tax and spending package first.