03 Dec Class 8 Orders Surge to Fourth-Highest Monthly Volume Ever North American Class 8 orders reached 51,900 in November, according to ACT Research. Read more...
03 Dec Carriers, Law Enforcement Learning the Ropes for Hemp Transport The chairman of a Commercial Vehicle Safety Alliance working group focused on hemp said that while interstate transport of the substance is legal, potential risks remain for motor carriers and drivers hauling it. Read more...
03 Dec Carriers Face Compounded Demand This Holiday Season The trucking industry, working since March to replenish inventories depleted by the coronavirus, now has to grapple with holiday season demand. Read more...
03 Dec OPEC+ Agrees on Gradual Easing of Oil-Output Cuts Next Year The Organization of Petroleum Exporting Countries and its allies reached an agreement to ease its oil-output cuts next year more gradually than previously planned, giving a fragile market more time to absorb the extra supply. Read more...
03 Dec Atlas Canada Names Fred Haladay President Moving company Atlas Canada has named Fred Haladay to the post of president and chief operating officer. Read more...
03 Dec Elon Musk’s $139 Billion Fortune Leads Huge EV Wealth Gains Elon Musk’s dizzying ascent in 2020 hit a new peak this week as he’s about to become the head of an S&P 500 Index company. That’s just days after surging to the second-richest person on the planet with a $139 billion fortune. Read more...
03 Dec US Jobless Claims Drop, Offering Ray of Hope for Labor Market Applications for U.S. state unemployment benefits fell by the most in almost two months, offering some hope that the gradual recovery in the job market will continue despite a spike in COVID-19 infections and renewed business restrictions. Read more...
03 Dec Property Carrier Brokers Fight Attempts to Make Public Their Pricing Documents The Transportation Intermediaries Association is asking federal regulators to sunset a decades-old regulation that the group argues is out of alignment with today’s brokerage marketplace. Read more...
02 Dec XPO Logistics Plans to Split Into Two Companies XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company. Read more...
02 Dec FedEx to Buy ShopRunner in E-Commerce Push FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers. Read more...