29 Dec Trucking Braces for ‘COVID Hangover’ and Ongoing Battles in 2021 As the COVID-19 pandemic stretches into 2021, the trucking industry will continue to address coronavirus-related challenges while confronting issues that existed long before most people had ever touched a face mask. Read more...
29 Dec Boeing’s 737 Max Returns in US With American Airlines Flight Boeing Co.’s 737 Max is poised to return to commercial service in the U.S. with the first flight since two deadly crashes prompted the longest aircraft grounding in the nation’s history. Read more...
29 Dec Crude Climbs in Wake of Weaker Dollar, Expected Supply Drop Oil advanced with support from a weaker dollar and expectations of declining U.S. crude inventories. Read more...
29 Dec Trucking Industry Experts Optimistic About 2021, Once COVID Is Over The trucking industry stands poised for a solid start in 2021, building on an unprecedented 2020 during which the U.S. economy relied heavily on truckers amid the COVID-19 pandemic. Read more...
28 Dec All Eyes on Senate After House Backs Trump on $2,000 Checks The House on Dec. 28 passed a bill replacing the $600 stimulus checks in the newly enacted virus relief bill with $2,000 payments, as Democrats and moderate Republicans voted in favor of a proposal backed by President Donald Trump. Read more...
28 Dec Diesel Rises 1.6¢, Reaches Nine-Month High of $2.635 a Gallon The U.S. average retail price of diesel rose 1.6 cents to $2.635 a gallon and notched a new nine-month high after first reaching that peak a week earlier, the Energy Information Administration reported Dec. 28. The average price of diesel was $2.659 on March 23. Read more...
28 Dec Oil’s Brief Rally Fades With Supply Risks Countering Stimulus A brief rally in crude oil deflated Dec. 28 as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from OPEC+. Read more...
28 Dec Nuro Acquires Ike, Gets Approval for Autonomous Deliveries in California Robotics company Nuro announced Dec. 23 that it has acquired Ike Robotics Inc., which builds automated trucking technology. Read more...
28 Dec FedEx Completes Acquisition of ShopRunner FedEx Corp. announced Dec. 28 that is has completed its acquisition of ShopRunner, marking an expansion of the company’s e-commerce footprint. Read more...
28 Dec Demand Boosts Average Price for Used Class 8 Trucks in November The used truck market in November generated more demand and a higher average price for a Class 8 compared with a year earlier, ACT Research reported. Read more...