Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.
November 19, 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.
Electric Last Mile Solutions Said to Be in Merger Talks
Electric Last Mile Solutions, an electric vehicle startup, is in talks to go public through a merger with Forum Merger III Corp., according to people with knowledge of the matter.
November 19, 2020Initial Jobless Claims Rise for First Time in Five Weeks
Applications for U.S. state unemployment benefits rose for the first time in five weeks and remained well above pre-COVID levels, suggesting the labor market recovery is slowing amid a surging pandemic and fresh business restrictions.
November 19, 2020Trucking Case Against Ocean Carriers Can Advance, Judge Rules
A case that alleges ocean carriers are overcharging truckers for use of container chassis at ports will proceed after a judge denied a request for dismissal filed by the defendants.
November 19, 2020Pandemic Likely to Cut Thanksgiving Driving in Half
With virus cases surging, hospitals filling up and more U.S. states imposing restrictions, Americans are likely to drive a lot less this Thanksgiving. Only 35% will travel by car this year, down from 65% a year ago, according to survey from retail fuel tracker GasBuddy.
November 18, 2020Illinois DOT Seeks Comment on Marine Transportation System Plan
The Illinois Department of Transportation is seeking public comment on a draft of its Illinois Marine Transportation System Plan and associated economic impact analysis study.
November 18, 2020Oil Clings to Rally on Signs of Coronavirus Vaccine Progress
Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build.
November 18, 2020DHL Unveils Four Electric Tractor-Trailers
DHL furthered its green efforts with the launch of a new fleet of electric tractor-trailer vehicles, the company announced Nov. 17.
November 18, 2020FCC Reassigns Transportation Safety Spectrum
Despite pushback from transportation stakeholders and key policymakers on Capitol Hill, the Federal Communications Commission moved forward with its plan to reallocate some transportation safety spectrum for broadband uses.
November 18, 2020Shipping Watchdog IMO Sets Rules to Curb Industry’s Pollution
The organization responsible for setting global environmental standards for shipping approved rules designed to curb the industry’s carbon emissions, triggering criticism that its measures won’t do enough to help tackle climate change.
November 18, 2020Trending
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