Trucking Business News

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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.

GovernmentBusiness

Bipartisan Relief Plan Released With Key Hurdles Unresolved

The Democratic and Republican lawmakers working on a compromise pandemic relief plan delivered a more detailed summary of their proposal Dec. 9 but haven’t yet resolved the deadlock over a business liability shield and aid to state and local governments.

December 9, 2020
GovernmentBusinessLogistics

Minnesota DOT Awards $61 Million for Freight Network Projects

The Minnesota Department of Transportation recently awarded $61 million for projects meant to improve the state’s freight transportation network.

December 9, 2020
BusinessTechnology

Uber Sells Flying Taxi Division to Joby in Broader Retrenchment

Uber Technologies Inc. is selling off its flying taxi division to Joby Aviation and investing in the startup, marking the second time this week Uber abandoned a side project as it aims to turn a quarterly profit next year.

December 9, 2020
BusinessTechnologyLogistics

DoorDash’s 86% Jump Adds to Blistering Year for Unicorn IPOs

Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.

December 9, 2020
GovernmentBusinessSafetyLogisticsTop 50Top 100

FedEx, UPS Tell Senators of Vaccine Distribution Readiness

Two of the country’s largest freight firms reassured federal lawmakers of their preparedness in helping to deliver COVID-19 vaccines as early as this month.

December 8, 2020
GovernmentBusinessSafetyLogisticsTop 100

UPS Says It Can Handle Vaccine Rollout, Holiday Parcel Rush

UPS Inc. said it has the capacity to handle the rollout of coronavirus vaccines and an unprecedented holiday package rush this month after investments in automation, tracking technology and dry-ice production.

December 8, 2020
GovernmentBusinessTCA

Wisconsin Panel OKs Updates to Highway Near Madison

MADISON, Wis. — A state commission on Dec. 8 approved roughly $174 million in updates to an 18-mile stretch of highway near Madison.

December 8, 2020
GovernmentBusinessSafety

FMCSA Drug Clearinghouse Records 46,000 Violations in First 10 Months

Nearly 46,000 driver drug-related violations have been recorded in the federal Drug and Alcohol Clearinghouse during its first 10 months of operation.

December 8, 2020
BusinessTechnologyFuelAutonomous

Tesla Seeks to Raise Another $5 Billion in Stock Offering

Tesla is looking to raise up to $5 billion in capital through a stock offering as the electric vehicle and solar panel maker seeks to take advantage of strong demand for its products.

December 8, 2020
GovernmentBusiness

More Than a Million Americans Will Travel Over Christmas, TSA Says

Americans are expected to continue with their travel plans for the Christmas holiday with more than a million air passengers anticipated for the balance of December and into January for the holiday, David Pekoske, administrator of the Transportation Security Administration, said during an aviation event Dec. 8.

December 8, 2020