At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.
May 14, 2021Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Manufacturing Output Increased in April for a Second Month
U.S. manufacturing output rose in April by slightly more than expected, suggesting further improvement for factories that are otherwise buffeted by supply shortages and shipping challenges.
May 14, 2021Lawmakers Back $8 Billion for Electric USPS Vehicles
House lawmakers advanced language authorizing $8 billion for the U.S. Postal Service to buy more electric vehicles as the agency modernizes its aging fleet.
May 13, 2021Polly Trottenberg Touts Biden’s Climate Change Agenda
President Joe Biden’s $2.25 trillion infrastructure plan would pave the way for programs that would address the impact severe weather events are having on certain ports, bridges, railways and transit systems, a senior transportation official told senators May 13.
May 13, 2021Mail Delivery Delays Persist in Metro Detroit
Slow, sometimes nonexistent mail delivery continues to plague several Metro Detroit neighborhoods despite the best efforts of U.S. lawmakers to identify and correct the problems.
May 13, 2021Biden Warns Against Gas Price Gouging After Cyberattack
President Joe Biden warned gasoline stations not to engage in any price gouging as motorists wait for fuel to start flowing reliably through the Colonial Pipeline, which reopened on May 12 after falling victim to a cyberattack.
May 13, 2021Disruptions Add More Stress to Already Strained Capacity Market
Already stressed capacity is facing new pressure as the economy recovers from the coronavirus pandemic and demand increases.
May 13, 2021Federal, State Responses to Colonial Pipeline Attack Consider Trucking
Government agencies at the federal and state levels took a variety of measures — including some to help facilitate truck movement — in response to the cyberattack that temporarily halted operations for Colonial Pipeline.
May 13, 2021More Than 700 Barges Stuck in Mississippi River From Bridge Crack
A crack in a bridge over the Mississippi River has stranded more than 700 barges, cutting off the biggest route for U.S. agricultural exports when the critical waterway is at its busiest.
May 13, 2021Louisiana House Takes Action on Staged Accidents Involving Trucks
The Louisiana House has passed a bill that would make staging an accident with a car or truck a serious state crime.
May 13, 2021Trending
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