U.S. crude futures reversed course with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery.
July 6, 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.
Judge Orders Dakota Access Pipeline Shut Down Pending Review
A federal judge on July 6 sided with the Standing Rock Sioux Tribe and ordered the Dakota Access pipeline to shut down until more environmental review is done.
July 6, 2020Pilot Freight Services Adds Five Franchise Locations
Transportation and logistics company Pilot Freight Services has added five franchise locations to enhance services for the automotive, health care, home furnishings, industrial products and packaging industries.
July 6, 2020Fleets Push Forward With Tech Investment Despite Pandemic, Economic Uncertainty
Despite facing business challenges and economic uncertainty, some trucking companies have continued to move forward with technology investments during the COVID-19 outbreak.
July 6, 2020Uber to Buy Postmates for $2.65 Billion to Expand Delivery
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.
July 6, 2020CBO Trims GDP Forecast for 2020, Lifts 2021 Projection
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.
July 2, 2020YRC Secures Funding Agreements With Lenders, Government
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.
July 2, 2020House Clears Extension of Small Business Loan Program to August
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.
July 2, 2020Louisiana Passes Legislation Aimed at Significant Tort Reform
Louisiana lawmakers have passed legislation aimed at helping the state’s truckers fight off excessive jury verdicts in court.
July 2, 2020House Infrastructure Bill Will Never Become Law, Rep. Sam Graves Says
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.
July 2, 2020