28 Jan Chinese Trucking Startup Full Truck Alliance Eyes $1 Billion US IPO Uber-like Chinese startup Full Truck Alliance is preparing for a U.S. initial public offering that could raise at least $1 billion as soon as this year, after eking out a slim 2020 profit thanks to a pandemic-era shipping surge. Read more...
28 Jan COVID-19 Package to Go Before Senate in February, Chuck Schumer Says A new round of COVID-19 economic relief that would include aid for hard-hit transportation systems will be up for consideration in early February, Senate Majority Leader Chuck Schumer indicated Jan. 28. Read more...
28 Jan Canadian Pacific Reports 20.7% Earnings Gain in Q4 Canadian Pacific Railway posted higher net income despite slightly softer revenue in the fourth quarter, the Class I freight railroad announced Jan. 28. Read more...
28 Jan Pilot Co. Unit to Buy Ethanol Plant With Sights on Recovery A unit of truck stop chain Pilot Co., which is partly owned by Warren Buffett’s Berkshire Hathaway Inc., is buying an ethanol plant just as the beleaguered industry may be turning around. Read more...
28 Jan Economy Grows 4%; Transportation Services See Small Drop The U.S. economy downshifted in the final three months of 2020 after record third-quarter growth, as the pandemic battered the labor market and limited Americans’ ability and willingness to spend. Read more...
28 Jan Jobless Claims Fall by More Than Expected Applications for U.S. state unemployment benefits fell last week, signaling that job cuts may be easing after rising in December and early January. Read more...
28 Jan AV Holds Promise, But Lacks ‘Go Anywhere’ Ability, Panelists Say Experts advised people to manage their expectations of automated vehicles for their traveling capabilities. Read more...
28 Jan Biden Directs Agencies to Address Climate Change New directives approved by President Joe Biden in response to climate change set in motion an extensive environmental agenda throughout federal agencies while rolling back Trump-era guidance on permitting. Read more...
27 Jan Tesla Disappoints Wall Street With First Results as a Blue Chip Tesla Inc. reported lower-than-expected profit and record revenue, mixed results that disappointed investors used to razzle-dazzle — but more in tune with the S&P 500 heavyweight it has become. Read more...
27 Jan Tutorials, Updated Datasets Among Upgrades Planned for FHWA Bridge Portal The Federal Highway Administration will introduce tutorial videos, fix bugs and update datasets as part of a series of enhancements to its web portal that offers a wealth of data on bridges. Read more...