Boeing Co.’s 737 Max is poised to return to commercial service in the U.S. with the first flight since two deadly crashes prompted the longest aircraft grounding in the nation’s history.
December 29, 2020Trucking 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.
Crude Climbs in Wake of Weaker Dollar, Expected Supply Drop
Oil advanced with support from a weaker dollar and expectations of declining U.S. crude inventories.
December 29, 2020Trucking Industry Experts Optimistic About 2021, Once COVID Is Over
The trucking industry stands poised for a solid start in 2021, building on an unprecedented 2020 during which the U.S. economy relied heavily on truckers amid the COVID-19 pandemic.
December 29, 2020All Eyes on Senate After House Backs Trump on $2,000 Checks
The House on Dec. 28 passed a bill replacing the $600 stimulus checks in the newly enacted virus relief bill with $2,000 payments, as Democrats and moderate Republicans voted in favor of a proposal backed by President Donald Trump.
December 28, 2020Diesel Rises 1.6¢, Reaches Nine-Month High of $2.635 a Gallon
The U.S. average retail price of diesel rose 1.6 cents to $2.635 a gallon and notched a new nine-month high after first reaching that peak a week earlier, the Energy Information Administration reported Dec. 28. The average price of diesel was $2.659 on March 23.
December 28, 2020Oil’s Brief Rally Fades With Supply Risks Countering Stimulus
A brief rally in crude oil deflated Dec. 28 as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from OPEC+.
December 28, 2020Nuro Acquires Ike, Gets Approval for Autonomous Deliveries in California
Robotics company Nuro announced Dec. 23 that it has acquired Ike Robotics Inc., which builds automated trucking technology.
December 28, 2020FedEx Completes Acquisition of ShopRunner
FedEx Corp. announced Dec. 28 that it has completed its acquisition of ShopRunner, marking an expansion of the company’s e-commerce footprint.
December 28, 2020Demand Boosts Average Price for Used Class 8 Trucks in November
The used truck market in November generated more demand and a higher average price for a Class 8 compared with a year earlier, ACT Research reported.
December 28, 2020COVID-19 Relief Package Includes $10 Billion for Highway Infrastructure
President Donald Trump on Dec. 27 signed a COVID-19 relief package that allots $10 billion for highway infrastructure programs.
December 28, 2020Trending
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