President Joe Biden is preparing an executive order to marshal the federal government’s purchasing power by requiring that federal agencies — including the U.S. Postal Service — buy clean vehicles and renewable power, according to three people familiar with the matter, though the timing of the announcement isn’t clear.
January 26, 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.
U.S. Xpress Latest to Invest in TuSimple
U.S. Xpress Enterprises Inc. announced it made a “significant” investment in autonomous trucking company TuSimple and that CEO Eric Fuller was named to TuSimple’s executive advisory board.
January 26, 2021Biden to Pause Oil Drilling on Public Lands
WASHINGTON — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change.
January 26, 2021COVID-19 Pandemic Impacts Q4 Earnings at Union Pacific
Union Pacific saw its fourth-quarter and full-year results decline versus year-ago levels, but the Class I rail carrier said its implementation of precision scheduled railroading is reaping benefits for its operations.
January 26, 2021Pennsylvania Truckers Object to Bridge Tolling Plan
The Pennsylvania Department of Transportation is moving forward with its controversial plan to consider charging tolls on as many as 10 major bridges in the state. But representatives from the trucking industry say tolls would hurt their industry.
January 26, 2021Paccar Q4 Earnings, Revenue Drop
Paccar Inc. posted lower fourth-quarter net income and revenue while achieving record quarterly parts revenue and notching its record market share for medium-duty vehicles sold in the U.S. and Canada.
January 26, 2021Trucking Becomes More Focused on Health, Efficiency
Trucking embraced risk management and technology that drives efficiency in response to the coronavirus pandemic, industry leaders said in a panel discussion Jan. 25.
January 26, 2021Elon Musk’s Finance Chief Quietly Tallies Profit Surge at Tesla
Tesla Inc. on Jan. 27 is widely expected to report its sixth consecutive quarterly profit — and potentially its first $1 billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars.
January 26, 2021EV Charging Firm FreeWire Closes $50 Million Funding Round
FreeWire Technologies Inc., an electric vehicle charging and power startup, has raised $50 million in a Series C funding round.
January 26, 2021Western Flyer Express President Rodney Timms Retires
Western Flyer Express announced President Rodney Timms retired effective Dec. 31.
January 26, 2021