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The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.

FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.

President Joe Biden’s pick to be second in command at the U.S. Department of Transportation pledged March 3 to help the administration prioritize the proposed Gateway rail tunnel between New York and New Jersey if she is confirmed by the Senate.

Jennifer Granholm used her first speech as U.S. energy secretary to warn oil and gas companies they risk being left behind unless they embrace a transition to cleaner sources of energy, while offering them an opportunity to partner with the new administration.

Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.

The U.S. Energy Department has appointed Jigar Shah, a clean-power pioneer who helped bring solar into the mainstream, to run the loan-program unit that backed Tesla Inc. and failed solar manufacturer Solyndra.

UPS Inc. began shipping out its first batch of Johnson & Johnson vaccines March 2, now that the single-dose vaccine for the coronavirus has emergency use authorization.

Gina Raimondo easily won Senate confirmation as Commerce secretary, placing the Rhode Island governor at the heart of President Joe Biden’s efforts to revive the U.S. economy and confront alleged unfair trade practices by China.

Polly Trottenberg, nominated to be deputy secretary at the U.S. Department of Transportation, told senators March 3 she was unable to disclose details about the Biden administration’s highway-funding plans.

The American Petroleum Institute is considering throwing its weight behind a government-imposed price on carbon dioxide emissions as a way to slow global warming, a major policy shift by the oil industry’s top trade group.