16 Apr J.B. Hunt Reports Q1 Revenue Increased to $2.6B J.B. Hunt Transport Services saw revenue and earnings increase due to strong segment growth during the first quarter of 2021, the company reported April 15. Read more...
16 Apr Drivers at Grocery Startup Imperfect Foods Vote to Unionize Drivers at grocery delivery startup Imperfect Foods Inc. have voted to unionize, an apparent victory for organized labor as it steps up efforts to make inroads into California’s fast-growing startups. The company said it would challenge the results. Read more...
16 Apr Consumer Sentiment Rises Along With Inflation Expectations U.S. consumer sentiment improved in April following another round of fiscal stimulus and as job growth accelerated. At the same time, inflation expectations surged to the highest in nine years. Read more...
16 Apr Home Construction Rebounds in March WASHINGTON — U.S. housing construction rebounded strongly in March with home builders recovering from an unusually frigid February that shut down projects. Read more...
16 Apr Port Manatee Sees Record Container Cargo Business PORT MANATEE, Fla. — In spite of the COVID-19 pandemic, Port Manatee is experiencing a boom in business with containerized cargo trade increasing nearly 74% in the six months ending March 31, compared to the same period a year earlier. Read more...
16 Apr Daimler Profit Tops Estimates as China Leads Sales Recovery Daimler AG reported significantly better first-quarter earnings than analysts expected, driven by strong demand for Mercedes-Benz cars, particularly in China. Read more...
16 Apr Walmart Invests in Cruise, the GM-Backed Autonomous-Car Startup Walmart is taking an undisclosed stake in Cruise, the autonomous-vehicle technology company that’s majority-owned by General Motors Co. Read more...
15 Apr Buttigieg Promotes Budget for DOT, Touts Infrastructure Plan The Biden administration’s proposal to increase funding for operations at the U.S. Department of Transportation would enhance the flow of commerce and respond to concerns linked to climate change, Secretary of Transportation Pete Buttigieg told House lawmakers April 15. Read more...
15 Apr Supply Chain Industry Calls on Congress to Pass DRIVE-Safe Act A group of supply chain industry representatives, including trucking leaders, sent a letter to members of Congress on April 14 urging them to pass legislation that would allow truckers under age 21 to drive across state lines. Read more...
15 Apr TuSimple Raises $1.35 Billion Through IPO Autonomous truck developer TuSimple raised $1.35 billion through its initial public offering, a move that will help fund the company’s push to commercialize self-driving trucks and expand its autonomous freight network across the United States. Read more...