Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on May 7, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction.
May 13, 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.
Driver Positive Drug Tests Continue at Last Year’s Rate So Far in 2021
The rate of positive truck driver drug tests recorded in the Drug & Alcohol Clearinghouse in the first three months of this year remains on pace with last year’s, and the number of drivers who have yet to enroll in return-to-duty programs remains persistently low.
May 13, 2021Loads Increasingly Shifting to Spot Market, DAT Data Shows
An increasing number of loads are shifting onto the spot market amid tight conditions in trucking, according to recent data by DAT Freight & Analytics.
May 13, 2021US Shipping Rule Waived so Foreign Tanker Can Deliver Fuel
The Biden administration temporarily eased century-old U.S. shipping requirements so a single foreign tanker could transport gasoline and jet fuel to the East Coast, where the Colonial Pipeline outage caused tanks to run dry.
May 13, 2021Forklift Driving Becomes Desk Job in Phantom-Mitsubishi Deal
Phantom Auto, a California-based startup focusing on remote vehicle operation, has struck a deal to provide logistics equipment heavyweight Mitsubishi Logisnext Co. with software that enables forklifts to be operated remotely from thousands of miles away.
May 13, 2021US Jobless Claims Fall More Than Forecast in Week Ended May 8
Applications for U.S. state unemployment insurance fell to a fresh pandemic low last week as business confidence strengthens and employers seek to fill more positions left open by restrictions.
May 13, 2021Texas Senate Committee Approves Legislation to Curb Lawsuit Abuse
The Texas Senate Transportation Committee has unanimously approved a House bill that would help curb the growing trend of lawsuit abuse targeting commercial vehicles in Texas.
May 13, 2021Colonial Pipeline Restarts Operations, but Normalcy Days Away
Colonial Pipeline, the nation’s largest fuel pipeline, restarted operations May 12, days after it was forced to shut down by a gang of hackers.
May 12, 2021New TIA Chairman Michael Riccio Highlights Areas of Focus
Michael Riccio discussed his goals as the newest chairman of the Transportation Intermediaries Association during the 2021 TIA Capitol Ideas Conference on May 12.
May 12, 2021Missouri Lawmakers Pass Fuel Tax Hike With Refund Option
JEFFERSON CITY, Mo. — Missouri drivers will likely pay more at the pump starting this fall after lawmakers passed a bill to raise the state’s fuel tax for the first time in more than two decades.
May 12, 2021Trending
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