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.

BusinessLogistics

Mark-It Express Acquires Sava Transportation

Mark-It Express Logistics took another step in its expansion plans by acquiring the operating assets of Sava Transportation, the company announced June 30. Terms were not disclosed.

June 30, 2020
GovernmentBusiness

EPW Chairman John Barrasso: Dems’ Infrastructure Bill a ‘Road to Nowhere’

House Democrats’ $1.5 trillion infrastructure proposal that has reached the floor of the chamber drew criticism from the top Republican on the Senate’s highway policy panel.

June 30, 2020
GovernmentBusinessFuelLogistics

Saudi Oil Cuts Take Seven Supertankers a Day Off the Market

Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.

June 30, 2020
GovernmentBusiness

US Consumer Confidence Posts Biggest Increase Since Late 2011

U.S. consumer confidence rose in June by more than forecast as optimism increased amid business reopenings, though sentiment remained well below pre-pandemic levels.

June 30, 2020
BusinessTechnologyLogistics

Uber Reportedly in Talks to Buy Delivery Rival Postmates

Uber Technologies Inc. is in talks to purchase Postmates Inc., said a person familiar with the discussions, seeking to expand food delivery services in the U.S. and capitalize on a surge in orders during the coronavirus pandemic.

June 30, 2020
GovernmentBusinessFuel

Diesel Price Creeps Up for Fourth Week in a Row

The national average retail price of diesel rose for the fourth consecutive week, half a cent to $2.43 a gallon, the Energy Information Administration reported June 29.

June 29, 2020
GovernmentBusinessSafety

Boeing 737 Max Takes Off for Crucial FAA Test of Comeback Effort

A Boeing Co. 737 Max lifted off from a Seattle airfield with a U.S. Federal Aviation Administration pilot on board, the first of several flights to test whether the revamped jetliner is safe following two deadly crashes.

June 29, 2020
GovernmentBusinessTechnologyFuel

House Democrats Will Call for 100% Clean Cars by 2035

House Democrats on June 30 will issue an ambitious plan to combat climate change, a move intended to reassure their base of supporters but that’s sure to inflame opponents on the right.

June 29, 2020
GovernmentBusinessSafetyFuel

Second Virus Wave Threatens US Oil Demand Again

After months of empty roads, lockdowns were easing, and people were getting behind the wheel again. Then the virus struck again.

June 29, 2020
BusinessSafetyLogistics

Amazon to Pay One-Time Bonuses of $500 to Most Logistics Workers

Amazon.com Inc., after complaints about ending pandemic hazard pay, will give one-time bonuses of $500 to most frontline workers.

June 29, 2020