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, 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.
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, 2020Uber 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, 2020DoorDash’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, 2020FedEx, 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, 2020UPS 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, 2020Wisconsin 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, 2020FMCSA 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, 2020Tesla 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, 2020More 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, 2020Trending
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