Hapag-Lloyd, Germany's biggest shipping line, is seeking to raise $500 million from the sale of new shares this year as it presses ahead with an initial public offering even as the Chinese economic slowdown and a rout in Volkswagen shares sparked turmoil on stock markets.

Motorists logged a record 283.7 billion miles on U.S. roadways in July, the most ever for the month and up 4.2% from a year earlier, according to government data.

Consumer confidence unexpectedly rose in September as a resilient labor market helped Americans shake off the effects of tumbling stock prices.

Omnitracs has launched a new branding initiative that unifies its holdings under a common name, reflecting the technology supplier's move to integrate the companies it acquired in recent years into its core business.