Self-driving truck technology developer Plus announced it entered into a definitive business combination agreement with Hennessy Capital Investment Corp. V, a publicly traded special purpose acquisition company.
May 10, 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.
Cyberattack on US Pipeline Linked to Criminal Gang
NEW YORK 鈥 The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a cut to charity, two people close to the investigation said May 9.
May 10, 2021FMCSA Issues Emergency Declaration to June 8 Due to Pipeline Cyberattack
The Federal Motor Carrier Safety Administration is providing emergency relief from hours-of-service regulations to motor carriers and drivers assisting operations linked to refined petroleum supply chains in the East Coast in the wake of a cyberattack against Colonial Pipeline.
May 9, 2021Colonial Pipeline鈥檚 Silence Has Energy Traders Nervous
Traders and shippers are increasingly nervous about the possibility of a shortage of fuel in the eastern U.S. two days after the shutdown of a major pipeline following a cyberattack.
May 9, 2021Experts Say Cyberattack on Pipeline Is a Wake-Up Call
NEW YORK 鈥 The shutdown of a vital U.S. pipeline because of a ransomware attack stretched into a third day May 9, with the Biden administration saying an 鈥渁ll-hands-on-deck鈥 effort is underway to restore operations and avoid disruptions in gasoline supply.
May 9, 2021Ransomware Attack Shuts Down Biggest US Gas Pipeline
Colonial Pipeline is working to restore operations after a cyberattack prompted the company to take its systems offline, threatening the supply of refined petroleum products to gas stations in major cities on the U.S. eastern seaboard.
May 8, 2021Minnesota 鈥楥lean Cars鈥 Rules Get OK to Move Forward
The administration of Minnesota Gov. Tim Walz and state regulators can adopt new vehicle emission standards without the OK from lawmakers, an administrative law judge ruled May 7.
May 7, 2021Americold Reports Q1 Loss, Citing Costs Related to Acquisitions
Americold reported a net loss of $14.2 million, or negative 6 cents a share, for the period ending March 31. The company said much of the loss can be attributed to increased acquisition and integration costs.
May 7, 2021Lion to Locate Largest EV Plant in Illinois
The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, announced it selected Joliet, Ill., for the construction of its U.S. manufacturing facility, with building to ramp up in the second half of this year.
May 7, 2021New Jersey DOT Distributes Over $47 Million for Local Bridges
The New Jersey Department of Transportation announced $47.3 million in grant funding has been awarded to local government agencies to assist with bridge maintenance projects.
May 7, 2021Trending
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