06 Jul Diesel Continues Slow, Steady Upward Climb The national average retail price of diesel rose for the fifth consecutive week, up seven-tenths of a cent to $2.437 a gallon. Read more...
06 Jul McConnell Expects New Virus Relief Bill by End of Month Senate Majority Leader Mitch McConnell predicted Congress will pass one final coronavirus rescue package later this month and appealed to everyone in public life to urge people to wear masks to control the spread. Read more...
06 Jul Sen. Tom Carper Challenges Freight, Transit Committees to Craft Infrastructure Plans Delaware Sen. Tom Carper, the Environment and Public Works Committee's ranking Democrat, recently reminded fellow senators in the Republican-led chamber about unfinished infrastructure business. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
06 Jul US Stocks Rally, Sending Nasdaq to Record High U.S. stocks jumped, with tech shares pushing the Nasdaq Composite to a record high. The dollar fell for a fifth day and Treasuries dipped. Read more...
06 Jul Fleets Push Forward With Tech Investment Despite Pandemic, Economic Uncertainty Despite facing business challenges and economic uncertainty, some trucking companies have continued to move forward with technology investments during the COVID-19 outbreak. Read more...
06 Jul Oil’s Rally Falters in US With Summer Demand Looking Bleak U.S. crude futures reversed course with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery. Read more...
06 Jul Judge Orders Dakota Access Pipeline Shut Down Pending Review A federal judge on July 6 sided with the Standing Rock Sioux Tribe and ordered the Dakota Access pipeline to shut down until more environmental review is done. Read more...
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...