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Year in Review: Trucking Emerges Strong After Challenging 2020

Trucking emerged from one of the most challenging years on record strong and battle-tested, as robust freight demand propelled by soaring demand for consumer goods amid the coronavirus pandemic boosted spot rates and lifted financial results for many publicly traded fleets.

December 18, 2020

Coca-Cola to Lay Off 2,200 Workers as it Pares Brands

The Coca-Cola Co. said Dec. 17 it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands.

December 18, 2020

FedEx Reports Record FY Q2 Net Sales of $20.5 Billion

The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.

December 17, 2020

Lordstown Motors, Camping World Team Up on EV Network

Lordstown Motors and Camping World will partner on a national electric-vehicle service and collision network for Lordstown Motors vehicles.

December 17, 2020

EV Startup Canoo Fast-Tracks Launch of Commercial Delivery Van

Electric vehicle startup Canoo Holdings Ltd. is talking up the commercial vehicle sales part of a business model that has attracted more attention for its planned consumer-subscription service.

December 17, 2020

Airfreight Booking Site Cargo.one Receives $42 Million in Funding

Cargo .one, which operates an online system for airfreight booking, raised $42 million from investors after the COVID-19 crisis helped to drive new business.

December 17, 2020

Amazon Alabama Workers Get Chance for First-in-US Union

Amazon .com Inc. workers at an Alabama warehouse were given the go-ahead by federal regulators to vote on whether to form what would be the first union at a U.S. facility of the e-commerce giant.

December 16, 2020

COVID Drives Trucking Industry Consolidation

The economic fallout from the impact of the coronavirus pandemic has prompted a number of carriers to consolidate.

December 16, 2020

CEO of Arrival Aims to Make Electric Buses, Vans in Microfactories

Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.

December 16, 2020

First Hiccups Seen in US Push to Deliver COVID-19 Vaccine

The first hiccups in the distribution of a COVID-19 vaccine in the U.S. included a holdup in delivering 3,900 shots to two states and the announcement that Pfizer Inc. would deliver almost a million fewer doses next week than are set to ship this week.

December 16, 2020