Stocks surged around the world and bonds tumbled after a large-scale coronavirus vaccine study delivered the most-promising results in the battle against the worst pandemic in a century.
November 9, 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.
Already Flooded, South Florida Feels Wrath of Eta
Torrential rain from Tropical Storm Eta caused dangerous flooding across Florida’s most densely populated urban areas on Nov. 9 after it made landfall in the Florida Keys.
November 9, 2020TA Net Income Soars to $8.6 Million in Q3
TravelCenters of America Inc. reported third quarter net income rose as revenue slipped.
November 6, 2020Bendix Expands Goals to Fight Climate Change
Bendix Commercial Vehicle Systems announced it is committing to cut its carbon dioxide emissions in half by 2030 and achieve carbon neutrality by 2021.
November 6, 2020Simulators Hold Potential for CDL Training, Testing, Experts Say
Simulators can serve as a resource for truck driver training and testing, especially during the coronavirus pandemic, according to experts assembled for a webinar hosted by the Transportation Research Board on Nov. 6.
November 6, 2020Landstar VP, CFO Kevin Stout Transitions to Advisory Role
Landstar System Inc. announced that Kevin Stout ended his role as vice president and chief financial officer Nov. 2 and will become special adviser to company President Jim Gattoni.
November 6, 2020Southwest Warns Workers of First Layoffs in Company History
Southwest Airlines Co. issued notices for what could be the first involuntary furloughs in its 49-year history, after a union declined to discuss concessions aimed at cutting payroll costs.
November 6, 2020Transportation Leaders Call for GAO Study on 5.9 GHz Spectrum
The leadership of the Transportation and Infrastructure Committee in the U.S. House of Representatives called on the U.S. Government Accountability Office to review the safety implications stemming from the possibility of sharing the 5.9 GHz spectrum band.
November 6, 2020VW Poised to Sign Off on $3.7 Billion Navistar Deal
Volkswagen AG’s board is preparing to sign off on its heavy-truck unit Traton SE acquiring U.S. manufacturer Navistar International Corp., according to people familiar with the matter.
November 6, 2020Mississippi DOT Cautions Drivers About Log Trucks
The Mississippi Department of Transportation has issued a notice reminding drivers to stay alert for log trucks, especially as people on the road adjust to the end of daylight saving time.
November 6, 2020