27 Jul Forward Air Invests $40 Million in Columbus Hub Expansion Forward Air Corp. is expanding the capacity of its national hub in Columbus, Ohio, by approximately 30%, the company announced July 27. Read more...
27 Jul Wall Street Returns to Rally; Gold Jumps to Record High Wall Street’s rally got back on track July 27, while gold rushed to a record at the start of a week packed with potentially market-moving events. Read more...
27 Jul New Prime Agrees to $28 Million Settlement in Contractor Dispute Attorneys for New Prime Inc. and a potential class of 40,000 mostly independent owner-operators have agreed to settle two lawsuits, awarding the truck drivers a total of $28 million in back compensation and damages. Read more...
27 Jul Pandemic Forces Some Fleets to Furlough Drivers, but Others Have Been Quick to Hire Them As the coronavirus pandemic took hold, it disrupted freight demand in many segments of the economy, forcing some carriers to furlough drivers while others were quick to hire those furloughed drivers as a way to swiftly onboard experienced commercial vehicle operators. Read more...
27 Jul Motorcoach Industry Seeks Federal Aid to Mitigate Losses The 100-year-old over-the-road motorcoach industry is struggling for survival as most of the nation’s 36,000 buses are sitting in parking lots because of the COVID-19 pandemic. Read more...
27 Jul Portland on the Mind of US House Transportation Leader Peter DeFazio The to-do list of the top transportation policymaker in the U.S. House of Representatives, Democrat Peter DeFazio, now includes addressing the federal response in his home state of Oregon. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
27 Jul Airlines Pledge Aircraft, Loyalty Programs in Bid to Tap Funding Global airlines are pledging their brands, loyalty programs and aircraft as collateral to secure more funds in the debt markets as the coronavirus pandemic continues to batter the sector. Read more...
27 Jul Canadian Pacific Sees Lower Q2 Earnings, Points to Pandemic Canadian Pacific reported reduced second-quarter earnings that company officials said was a direct result of reduced freight caused by the COVID-19 pandemic. Read more...
27 Jul Pelosi Presses GOP to Quickly Negotiate Virus Aid With Democrats Deadlines looming, House Speaker Nancy Pelosi implored Republicans and the White House on July 27 to come quickly to the negotiating table with Democrats over the next coronavirus relief package to prevent unemployment assistance and an eviction moratorium from expiring for millions of Americans. Read more...
27 Jul Crossword Puzzle Solution for July 27, 2020 Here's the solution to the crossword puzzle found in the July 27, 2020 print edition. Read more...