The selloff in U.S. technology shares picked up speed as investors fled the high fliers who fueled the historic five-month rally from the pandemic lows. Oil plunged, while Treasuries rose with the dollar.
September 8, 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.
The Lion Electric Co. Secures Order From CN for Electric Trucks
The Lion Electric Co. announced a memorandum of understanding for Class I freight railway CN to acquire 50 heavy-duty zero-emission trucks for intermodal use to reduce greenhouse gas emissions.
September 8, 2020ATRI Opens Annual Top Industry Issues Survey
The American Transportation Research Institute has opened its annual survey asking trucking industry representatives to identify major industrywide issues.
September 8, 2020Uber Freight Expands Enterprise Shipping Offerings
Uber Freight launched two new software solutions aimed at expanding its enterprise shipper offerings, the company announced Sept. 8.
September 8, 2020Boeing Finds New 787 Flaw, Slows Deliveries for Inspection
Boeing Co. has slowed deliveries of its 787 Dreamliner as crews check for a new manufacturing flaw involving gaps in the horizontal stabilizer, the small wing in the aircraft tail.
September 8, 2020McConnell Plans Vote on Relief Plan That Pelosi Calls ‘Fraudulent’
Congressional leaders hardened their battle lines on additional fiscal stimulus on Sept. 8, with House Speaker Nancy Pelosi labeling Republican Senate Majority Leader Mitch McConnell’s proposal for a slimmed-down package “fraudulent.â€
September 8, 2020HHS Issues Proposed Hair Testing Guidelines
The Department of Health and Human Services on Sept. 8 announced its long-delayed proposed mandatory guidelines to allow employers to drug test truck drivers and other federal workers for pre-employment and random testing using hair specimens.
September 8, 2020House to Investigate DeJoy’s Possible Campaign Law Violations
House Democrats said Sept. 8 they will investigate whether Postmaster General Louis DeJoy encouraged employees at his former business to contribute to Republican candidates and then reimbursed them in the guise of bonuses, a violation of campaign finance laws.
September 8, 2020Tesla Shares Plunge After GM’s Nikola Stake, S&P Omission
Tesla Inc. shares slid on Sept. 8 after the electric-vehicle maker missed out on being included in the S&P 500 Index, taking investors who had bet on its entry to the benchmark by surprise.
September 8, 2020Peterbilt Offers Lease Deal on New 220EV
Peterbilt Motors Co. announced an introductory lease offer on its Model 220EV through PacLease. The zero-emission cabover truck is intended for the Class 6 and Class 7 segments.
September 8, 2020Trending
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