21 Jul Brent Crude Rises to Four-Month High on Recovery Hopes Oil climbed to the highest level since early March in London on July 21 as hopes for an economic recovery from the coronavirus crisis lifted financial markets. Read more...
21 Jul Drivewyze Receives $60M Investment to Accelerate Growth Trucking technology provider Drivewyze will receive $60 million in financing to help advance its growth through an agreement parent company Intelligent Imaging Systems has reached with an investment firm, according to a July 14 announcement. Read more...
21 Jul SmartHop, Tech Platform for Smaller Carriers, Secures $4.5M Seed Funding Dispatch technology developer SmartHop has closed $4.5 million in early funding, the company announced July 21. Read more...
20 Jul Diesel Slips 0.5¢ After Six Straight Increases After six consecutive weeks of increases, the national retail price of diesel fuel fell by five-tenths of a cent to $2.433 a gallon from $2.438 the previous week. Read more...
20 Jul Tech Drives Indexes Higher on Wall Street After Choppy Start Big technology companies powered stocks higher on Wall Street on July 20, extending the market’s gains after a three-week winning streak. Read more...
20 Jul House Speaker Nancy Pelosi: 'Clock is Ticking’ on Congressional Agenda With Congress ready to finish its summer session this month, negotiations on the next round of COVID-19 stimulus have picked up in the Senate. House Speaker Nancy Pelosi, meanwhile is not impressed with the pace of the talks. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
20 Jul Class 8 Trucks to Be Part of Aurora’s Autonomous Testing in Texas Autonomous vehicle technology developer Aurora plans to launch testing of self-driving Peterbilt Class 8 trucks and smaller vehicles that can be used for package delivery in the Dallas-Fort Worth area this year. Read more...
20 Jul United Airlines Eyes Mammoth Bay Area Job Cuts United Airlines has issued a formal notice to state officials that the air carrier intends to chop more than 6,000 jobs at San Francisco International Airport. Read more...
20 Jul House Leaders Urge White House to Enhance Disaster Preparedness With wildfire and hurricane season underway, a trio of top House Democrats called on the White House to update its plans for responding to natural disasters during the coronavirus pandemic. Read more...
20 Jul Chevron to Buy Noble for $5 Billion in Rare Oil-Bust Deal Chevron Corp. agreed to buy Noble Energy Inc. for about $5 billion in shares as the oil giant looks to beef up in the Permian Basin amid the wreckage of the worst crude crash. Read more...