With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.
November 27, 2024Trucking 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.
Pony AI Raises $413M, Shares Surge in Nasdaq Debut
Goldman Warns of Consequences From Canada Tariff Plan
The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the U.S., said Daan Struyven, the head of commodities research for Goldman.
November 27, 2024Consumer Spending Powers Q3 US GDP Growth to 2.8%
Gross domestic product increased at a 2.8% annualized pace in the third quarter, the second estimate of the figures from the Bureau of Economic Analysis showed Nov. 27.
November 27, 2024Trucking Cares Supports N.C. Recovery With $50K Donation
The largest donation in Trucking Cares Foundation history will help hospital workers in western North Carolina rebuild their own lives while they serve their storm-ravaged community.
November 27, 2024NMFTA’s LTL Freight Classification Updates Coming July 2025
The National Motor Freight Traffic Association has set July 19, 2025, as the date it will launch its updated less-than-truckload freight classification system.
November 27, 2024Federal Reserve Officials Signal Cautious Path for Rate Cuts
WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.
November 26, 2024Citigroup: Trump Tariffs to Drive Up Aluminum, Steel Prices
President-elect Donald Trump’s plan to impose 25% tariffs on all goods from Canada and Mexico will push up steel and aluminum prices across the U.S., according to Citigroup analysts.
November 26, 2024Weather: Winter Season Brings Additional Compliance Challenges
Fleets seeking snow removal technology must consider factors such as multi-height equipment and yard space constraints, said Debora Babin Katz, vice president of TrucBrush, a company that manufactures a large, mobile brush to remove snow from trailers. Â
November 26, 2024Stellantis Might Shutter UK Van Plant Over EV Rules
Stellantis had already threatened to pull the plug on its U.K. operations, warning about the impact of what it says are the country’s too stringent EV targets.
November 26, 2024US Consumers More Confident About Jobs, Economy
A gauge of present conditions increased to an eight-month high. The group’s measure of expectations for the next six months edged to an almost three-year high.
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