06 Jul Pilot 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. Read more...
06 Jul Uber 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. Read more...
06 Jul Reduce Detention and Increase Truck-Loads Dok-Vu is a paperless software system for management of logistics operations. By replacing spreadsheets, clipboard checks and two-way radios customers like Arctic Cold Storage are connecting with their materials handlers, yard personnel and carriers in real-time. Read more...
02 Jul CBO 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. Read more...
02 Jul YRC Worldwide Receives $700 Million Federal Loan Package Less-than-truckload carrier YRC Worldwide Inc. received a $700 million federal loan in exchange for a nearly 30% share of the company. Read more...
02 Jul House 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. Read more...
02 Jul Louisiana 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. Read more...
02 Jul House 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. Read more...
02 Jul Tesla Beats Delivery Expectations, Sending Shares Surging Tesla Inc. reported a sequential gain in quarterly deliveries that seemed improbable weeks ago, sending its stock surging toward Wall Street’s most bullish price target. Read more...
02 Jul FAA Concludes Three Days of Test Flights of Boeing’s 737 Max Testing of the 737 Max jetliner’s revised flight-control systems by U.S. regulators and Boeing Co. wrapped up July 1, laying the foundation for the plane’s possible return to service later this year. Read more...