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.

BusinessTechnologyFuelLogistics

Lightning EMotors Said to Be in Talks to Go Public

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, 2020
BusinessTechnologyFuelLogistics

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, 2020
GovernmentBusiness

Initial 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, 2020
GovernmentBusinessEquipment

Trucking 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, 2020
GovernmentBusinessFuel

Pandemic 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, 2020
GovernmentBusiness

Illinois 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, 2020
GovernmentBusinessFuel

Oil 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, 2020
BusinessTechnologyLogisticsTop 50

DHL 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, 2020
GovernmentBusinessTechnologySafety

FCC 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, 2020
GovernmentBusinessFuelLogistics

Shipping 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, 2020