A Utah trucking company owner already under federal indictment for his participation in a 鈥減ay-to-play鈥 scheme has been charged with lying on a federal loan application to secure a $210,000 COVID-19 small business loan under the federal Paycheck Protection Program.
July 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.
Musk Says Tesla Is 鈥榁ery Close鈥 to Developing Fully Autonomous Vehicles
Tesla Inc.鈥檚 Elon Musk said the carmaker is on the verge of developing technology to render its vehicles fully capable of driving themselves, repeating a claim he has made for years but been unable to achieve.
July 9, 2020Layoffs Stuck at High Level as 1.3 Million Seek Jobless Aid
More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.
July 9, 2020Interactive Map: Where the 2020 Top 100 For-Hire Carriers Are in North America
Find out where the carriers are by regions in North America.
July 9, 2020United Air Says 36,000 US Jobs at Risk Once Aid Ends
United Airlines Holdings Inc. notified 36,000 employees, or 45% of its U.S. workforce, that their jobs are at risk after federal payroll aid expires at the end of September.
July 8, 2020Transportation Funding Bill Would Increase FMCSA Budget
FMCSA would receive $881 million for operations during the next fiscal year under legislation a House panel approved July 8.
July 8, 2020Energy Transfer Says It Won鈥檛 Shut Dakota Access Despite Ruling
Energy Transfer LP said it鈥檚 not making any moves to empty its Dakota Access oil pipeline after a judge July 6 ordered the conduit shut while a more robust environmental review is conducted.
July 8, 2020What a Manufacturing Shift Away From China Could Mean for Trucking
How will U.S. trucking be affected if certain businesses move out of China and into other parts of Asia or even to North America?
July 8, 2020Oil鈥檚 Recovery Capped by Stubborn US Crude Glut, Dour Demand
Oil鈥檚 recent rally has hit a ceiling, with U.S. crude inventories holding near a record high and gasoline demand still at the weakest seasonal level in more than 20 years.
July 8, 2020May Extends Slide in Used Class 8 Truck Prices
The year-over-year average price of a used Class 8 vehicle fell for the 13th consecutive month in May. Sales at retail outlets held up, while inventories headed down because there was no deluge of equipment flooding the market as a casualty of the COVID-19 pandemic, ACT Research reported.
July 8, 2020Trending
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