The incoming administration is calling on Congress to approve emergency aid for transportation programs as part of a $1.9 trillion pandemic relief package.
January 19, 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.
Navigating the Driver Shortage
The latest economic report from ATA estimates the driver shortage to be over 60,000. What role has the pandemic played? Older drivers chose to retire while potential drivers found licensing difficult with the closure of state motor vehicles offices. The launch of the Drug & Alcohol Clearinghouse database also impacted the number of drivers on the road.
January 19, 2021Spending on Global Energy Transition Hits Record $500 Billion
The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy systemās dependence on fossil fuels.
January 19, 2021More Fleets Are Utilizing Remote Diagnostics
A growing number of motor carriers are taking advantage of remote diagnostics to streamline vehicle maintenance and reduce downtime, but fleets must know how to filter through the data to use this information effectively.
January 19, 2021Yellen Says Aid to Jobless, Small Firms āBiggest Bangā for Buck
Janet Yellen told lawmakers Jan. 19 that help for the unemployed and small businesses would provide the ābiggest bang for the buckā as she made the case for President-elect Joe Bidenās $1.9 trillion COVID-19 relief plan.
January 19, 2021Rivian Reportedly Reaches $27.6 Billion Value on New Funds
Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.
January 19, 2021Incoming CEO of XPO Spinoff Company Outlines Plans
Malcolm Wilson shared his hopes and plans Jan. 15 for when he becomes the first CEO of a new company splitting from XPO Logistics Inc.
January 19, 2021Truck Tonnage Surges in December to First Year-Over-Year Gain Since March
Trucking closed the tumultuous year of 2020 on an upswing, as truck tonnage in December rose a seasonally adjusted 2.3% year-over-year and jumped 7.4% compared with November in the strongest month-over-month gain since summer, American Trucking Associations reported.
January 19, 2021GM, Microsoft Lead $2 Billion Funding Round for Cruise
General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giantās cloud and edge-computing capabilities to the venture.
January 19, 2021Kodiak Begins Regular Disengage-Free Autonomous Deliveries
Kodiak Robotics Inc. announced trucks equipped with its Kodiak Driver autonomous system have begun making regular disengage-free customer deliveries on the middle-mile route on Interstate 45 between Dallas-Fort Worth and Houston.
January 19, 2021Trending
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