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Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

U.S. consumer confidence declined in July by more than forecast as a pickup in COVID-19 cases rattled Americans’ sentiment about prospects for the economy and the job market.

USA Truck saw second-quarter revenue and net income decrease compared with the prior year, the company reported July 27.

Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.

Forward Air Corp. is expanding the capacity of its national hub in Columbus, Ohio, by approximately 30%, the company announced July 27.

Wall Street’s rally got back on track July 27, while gold rushed to a record at the start of a week packed with potentially market-moving events.

Attorneys for New Prime Inc. and a potential class of 40,000 mostly independent owner-operators have agreed to settle two lawsuits, awarding the truck drivers a total of $28 million in back compensation and damages.

As the coronavirus pandemic took hold, it disrupted freight demand in many segments of the economy, forcing some carriers to furlough drivers while others were quick to hire those furloughed drivers as a way to swiftly onboard experienced commercial vehicle operators.

The 100-year-old over-the-road motorcoach industry is struggling for survival as most of the nation’s 36,000 buses are sitting in parking lots because of the COVID-19 pandemic.

Global airlines are pledging their brands, loyalty programs and aircraft as collateral to secure more funds in the debt markets as the coronavirus pandemic continues to batter the sector.