WASHINGTON — Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.
April 29, 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.
Daimler Truck, Volvo to Make Fuel Cells in Europe in Joint Venture
FRANKFURT, Germany — Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies.
April 29, 2021Appeals Court Rules California Can Enforce AB 5
A three-judge panel of the 9th U.S. Circuit Court of Appeals has rejected a lower court’s preliminary injunction that blocked the immediate implementation of California’s Assembly Bill 5 law, which motor carriers have claimed would make use of independent contractors next to impossible.
April 28, 2021US Goods-Trade Deficit Widens to Fresh Record in March
The U.S. merchandise-trade deficit widened to a new record in March as the value of imports surged to a fresh high.
April 28, 2021Wabash Posts Higher Q1 Profits, Raises Full-Year Guidance
Trailer maker Wabash National Corp. returned to first-quarter profitability compared with a year earlier and increased its full-year guidance on revenue.
April 28, 2021New Ware2Go Service Helps E-Commerce Merchants With Warehouse Placement
The UPS-founded Ware2Go launched a free application to help e-commerce merchants with strategic fulfillment planning, the company announced April 27.
April 28, 2021Despite Lower Bid, Canadian Pacific Touts Value of KCS Offer
Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.
April 28, 2021Average Used Class 8 Price in March Is Third-Highest Ever
The average used Class 8 truck in March brought the third-highest price ever as demand rages on and supply is very tight, ACT Research reported.
April 28, 2021NextEra Plans to Harness Landfill Gas to Make Renewable Fuel
NextEra Energy Inc. and OPAL Fuels plan to capture methane from a Minnesota landfill to produce renewable natural gas, adding to a series of projects seeking to cash in on the energy source while helping cut greenhouse-gas emissions.
April 28, 2021Policymakers Keep Autonomous Vehicles Bill on Senate’s Radar
Two of the key drivers of autonomous vehicle policy in Congress again touted its potential safety and economic benefits during a hearing with stakeholders.
April 28, 2021Trending
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