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Despite facing business challenges and economic uncertainty, some trucking companies have continued to move forward with technology investments during the COVID-19 outbreak.

Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered.

The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.

Less-than-truckload carrier YRC Worldwide Inc. has reached an agreement with its lenders that will extend until 2024 the terms of $580 million in loans it is using to help improve its business operations.

The House gave final last-minute congressional approval July 1 to extending the popular Paycheck Protection Program for small businesses until Aug. 8, hours after the deadline for applications lapsed with more than $130 billion still available.

Louisiana lawmakers have passed legislation aimed at helping the state’s truckers fight off excessive jury verdicts in court.

A $1.5 trillion infrastructure package advanced by the U.S. House of Representatives on July 1 will never be enacted into law, said the top Republican on the chamber’s transportation panel.

Tesla Inc. reported a sequential gain in quarterly deliveries that seemed improbable weeks ago, sending its stock surging toward Wall Street’s most bullish price target.

Testing of the 737 Max jetliner’s revised flight-control systems by U.S. regulators and Boeing Co. wrapped up July 1, laying the foundation for the plane’s possible return to service later this year.

The U.S. unemployment rate fell to 11.1% in June according to the Labor Department as the economy added 4.8 million jobs and the easing of coronavirus-related restrictions allowed more businesses to reopen while bringing back some of their employees.