Oil is heading for its first weekly loss since April, when prices collapsed below zero.
June 12, 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’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders
The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry.
June 12, 2020Mnuchin Says US Can’t Shut Economy Even if Virus Resurges
Treasury Secretary Steven Mnuchin said the U.S. shouldn’t shut down the economy again even if there is another surge in coronavirus cases.
June 11, 2020Roadrunner Accelerates Restructuring Plan Amid Pandemic
Roadrunner Transportation Systems was in the final steps in a multiyear financial turnaround effort when the coronavirus pandemic hit, forcing the company to confront the same economic challenges facing all of trucking while also seeing its plans through, a company executive said.
June 11, 2020US Business Debt Soars by Record on Bond Issuance, Loans
U.S. nonfinancial business debt soared in the first quarter by the most in records back to 1952, as bank loans and corporate bond issuance jumped in companies’ all-out effort to stay liquid during the coronavirus pandemic.
June 11, 2020Transportation Funding Bill Part of Congress’ Summer Agenda
Agencies that oversee freight and passenger transportation policies will gain a clearer outlook for the next fiscal year when Congress this summer considers its annual funding legislation for the U.S. Department of Transportation.
June 11, 2020Kodiak Offers First Inside Look at Safety Assessment
Kodiak Robotics Inc. recently made its 350th commercial delivery and detailed how it is approaching the challenge of providing its longhaul trucks with self-driving technology.
June 11, 2020TIA CEO Robert Voltmann to Step Down at End of September
Transportation Intermediaries Association President and CEO Robert Voltmann will step down from his post later this year, the association announced June 10.
June 11, 2020Boeing, Suppliers Plunge on Stop-And-Go 737 Max Comeback
Shares of Boeing Co. and its largest suppliers sank June 11 after the planemaker pared output plans for its beleaguered 737 Max just two weeks after restarting work in its Seattle-area factory.
June 11, 2020BFGoodrich Unveils Tires Designed for LTL, Last-Mile Use
BFGoodrich introduced two tires designed for less-than-truckload and last-mile delivery applications in the package and delivery, food and beverage, and other same-day and next-day segments.
June 11, 2020