Amazon .com Inc. has scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its airfreight operations.
March 8, 2021Trucking 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.
Workhorse Rises After Lawmaker Seeks Probe of Big Oshkosh Trade
Workhorse Group Inc. rose after a U.S. lawmaker raised questions about a $54.2 million late-day block trade in competitor Oshkosh Corp. on the eve of a blockbuster U.S. Postal Service contract award.
March 8, 2021In Wake of Outages, Tesla Plugs Secret Battery Into Texas Grid
The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.
March 8, 2021Driverless Truck Startup Plus Seeks SPAC Merger
Self-driving truck startup Plus is in advanced talks with a few special purpose acquisition companies for a merger, as it seeks to bankroll its expansion in the autonomous driving industry, according to people familiar with the matter.
March 8, 2021European Gasoline Diverted to Texas to Ease Supply Crunch
Five gasoline tankers that were en route to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries.
March 8, 2021Senate OKs $1.9 Trillion COVID-19 Relief Package
The U.S. Senate passed a sweeping $1.9 trillion COVID-19 relief bill March 6 that includes billions for vaccines, $1,400 direct payments to many Americans and billions for transit.
March 7, 2021Ex-DOT Official Finch Fulton Joins Locomation
Locomation hired former U.S. Department of Transportation official Finch Fulton to serve as its vice president of policy and strategy.
March 5, 2021Big G Express Announces 6th Annual Charity Motorcycle Ride
Over-the-road trucking company Big G Express announced plans to hold its sixth annual motorcycle ride benefiting St. Jude Children’s Research Hospital on June 5.
March 5, 2021Oil Soars Above $66, Highest in Two Years
Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover from the pandemic-driven slump.
March 5, 2021CVSA Cancels North American Inspectors Championship in Minnesota
The Commercial Vehicle Safety Alliance has canceled this year’s North American Inspectors Championship, which had been scheduled to take place in August in Minneapolis, the trade group announced March 5.
March 5, 2021