23 Jul St. Louis Park, Minn., Considers Truck Parking Restrictions Officials in St. Louis Park, Minn., are moving forward with an ordinance that would limit truck parking. Read more...
22 Jul Union Pacific Reports Strong Q2 Earnings Omaha, Neb.-based Union Pacific Corp. reported strong second-quarter results, surpassing expectations of Wall Street analysts. Read more...
22 Jul Infrastructure Deal in Sight After Medicare Agreement A bipartisan group of senators is closing in on a $579 billion infrastructure deal after agreeing to pay for it in part by delaying a Trump-era Medicare regulation, a key Democratic senator said July 22. Read more...
22 Jul CSX Beats Expectations With Q2 Freight Surge Jacksonville, Fla.-based CSX Corp. reported second-quarter earnings that showed a strong uptick in freight shipments, and the company’s financial picture exceeded Wall Street analysts’ expectations. Read more...
22 Jul Mullen Group’s Income Dips, Revenue Rises Mullen Group reported a gain in revenue but saw earnings dip in the second quarter. Read more...
22 Jul Communication With Drivers Key During Disruption Events, Experts Say During disruption events, truckers should be well-informed about the measures that are being taken to help them, experts said in a webinar hosted by the Federal Highway Administration. Read more...
22 Jul Uber Freight to Acquire Logistics Firm Transplace for $2.25 Billion Uber Technologies Inc.’s freight business will acquire logistics technology firm Transplace from TPG Capital for $2.25 billion, the company announced July 22. Read more...
22 Jul Infrastructure Stakeholders Promote Cybersecurity Investments Nearly three months after a cyberattack against a prominent petroleum products distributor on the East Coast, groups representing various infrastructure sectors called for robust methods to protect the country’s freight and mobility grids. Read more...
22 Jul Jobless Claims Rise to 419,000 From a Pandemic Low WASHINGTON — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy. Read more...
22 Jul Mercedes Sketches Out All-Electric Scenario by Decade’s End FRANKFURT, Germany — Daimler AG’s luxury car brand Mercedes-Benz is stepping up its transition to electric cars, doubling the planned share of sales by 2025 and sketching out a market scenario in which new car sales would “in essence” be fully electric by the end of the decade. Read more...