Business

Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.

U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record after the coronavirus pandemic halted purchases of all but the most essential goods and services.

The General Services Administration is preparing to start work on an expansion project for the Otay Mesa Land Port of Entry, California’s busiest border crossing point for commercial trucks.

Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a bit noisy.

Just how deep and swift the U.S. economy’s plunge into a recession has been since the coronavirus pandemic hit the nation was evidenced by a number of reports, including that millions continued to apply for unemployment benefits.

Tolls on three major New Jersey highways will rise by as much as 36% after Gov. Phil Murphy declined to use his veto power over authorities that approved the increases, effectively allowing them to take place.

Used Class 8 pricing fell for the 12th consecutive month compared with a year earlier, down 22% for the largest drop in that extended period, ACT Research reported.

The often discussed driver shortage is over — at least for the time being — as a result of the COVID-19 pandemic, the deepening U.S. recession and a falloff in the amount of freight being hauled by many sectors of trucking, industry experts said.

House Democrats signaled the potential for unveiling a comprehensive infrastructure measure in the near-term as they continue to push Senate leaders to consider a pandemic relief bill that would provide $15 billion for highway programs.

MAC Liquid Tank Trailer has acquired the manufacturing assets of Burch Tank & Truck. Financial details of the transaction announced May 20 were not disclosed.