Trucking Business News

About 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.

BusinessTechnologyAutonomous

Tesla Bull Case Raised Above $2,000 a Share at Morgan Stanley

Morgan Stanley analysts lifted their bull-case price target for Tesla Inc. to $2,070 after an “extraordinary†rally saw the stock overshoot a previous best-case scenario of $1,200. But they still don’t recommend buying Tesla shares.

July 7, 2020
GovernmentBusinessSafety

I-440 Project in Nashville Wraps Ahead of Schedule

A major Interstate 440 reconstruction project has been completed ahead of schedule, Tennessee government officials recently announced.

July 7, 2020
GovernmentBusinessTechnologyLogistics

Electric Vehicles Are Starting to Buoy the Global Metals Market

The market gloom over the metals that will power the cars of the future is starting to lift.

July 7, 2020
GovernmentBusinessTechnologyAutonomous

FHWA Announces Funding Opportunity for Technology Grants

The Federal Highway Administration recently announced the availability of $60 million in grant funding for groups working on projects that involve transportation technologies.

July 7, 2020
GovernmentBusinessFuel

Diesel Continues Slow, Steady Upward Climb

The national average retail price of diesel rose for the fifth consecutive week, up seven-tenths of a cent to $2.437 a gallon.

July 6, 2020
GovernmentBusiness

McConnell Expects New Virus Relief Bill by End of Month

Senate Majority Leader Mitch McConnell predicted Congress will pass one final coronavirus rescue package later this month and appealed to everyone in public life to urge people to wear masks to control the spread.

July 6, 2020
GovernmentBusiness

US Stocks Rally, Sending Nasdaq to Record High

U.S. stocks jumped, with tech shares pushing the Nasdaq Composite to a record high. The dollar fell for a fifth day and Treasuries dipped.

July 6, 2020
GovernmentBusinessFuel

Oil’s Rally Falters in US With Summer Demand Looking Bleak

U.S. crude futures reversed course with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery.

July 6, 2020
GovernmentBusinessFuelLogistics

Judge Orders Dakota Access Pipeline Shut Down Pending Review

A federal judge on July 6 sided with the Standing Rock Sioux Tribe and ordered the Dakota Access pipeline to shut down until more environmental review is done.

July 6, 2020
BusinessLogisticsTop 50

Pilot Freight Services Adds Five Franchise Locations

Transportation and logistics company Pilot Freight Services has added five franchise locations to enhance services for the automotive, health care, home furnishings, industrial products and packaging industries.

July 6, 2020