A fresh sell-off in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations stretched too far in a five-month rally. Treasuries rose with the dollar.
September 10, 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.
Nikola Disputes Charges of Deception
Nikola Corp. shares fell as much as 13% after Hindenburg Research published a report accusing the startup electric-vehicle maker of “deception” and lying about its technology.
September 10, 2020Fleets Rally to Aid Hurricane Laura Victims
Hurricane Laura wreaked havoc when it made landfall Aug. 27, but fleets have rallied to help the victims in the couple of weeks since.
September 10, 2020Actionable Insights to Avoid Speeding for Conditions and Sitting Duck Situations
What if you could provide assistance to your driver who is parked in an unsafe location but may not realize it? By bringing you real-time actionable insight, SmartDrive has solved two of the riskiest situations your drivers are facing today.
September 10, 2020Doomed-to-Fail Senate Vote Will Usher Final Scene on Stimulus
The U.S. Senate is poised to vote Sept. 10 on whether to advance a slimmed-down Republican-crafted pandemic relief bill, opening what’s likely to be the final stage of the monthslong partisan battle over fiscal stimulus.
September 10, 2020Infrastructure Stakeholders Press Congress for Highway Law Extension
Groups representing nearly every aspect of the country’s infrastructure networks recently called on congressional leaders to approve a yearlong extension of a soon-to-expire highway law.
September 10, 2020VW’s Traton Boosts Bid for Navistar to $3.6 Billion
Navistar International Corp. confirmed that Volkswagen AG’s heavy-truck business boosted its bid to buy the rest of the U.S. manufacturer for $3.6 billion.
September 10, 2020PennDOT Accepting Applications for Multimodal Transportation Fund
The Pennsylvania Department of Transportation is accepting applications from those seeking to finance projects through the Multimodal Transportation Fund.
September 10, 2020Job Losses Persist as Claims Come in Higher Than Forecast
Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus.
September 10, 2020Mitch McConnell’s Criticized Pandemic Relief Bill Fails to Secure Senate Vote
A new economic relief proposal by Senate Majority Leader Mitch McConnell fell short of passage in the chamber by a vote of 52-47.
September 9, 2020Trending
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