Businesses Face New Overtime Rules in New Year
NEW YORK — The new year brings new overtime rules for employers including small businesses and in turn, a pay raise for an estimated 1.3 million workers.
December 23, 2019ATA’s Truck Tonnage Drops 2.1% Year-Over-Year in November
Truck tonnage fell 2.1% in November compared with year-ago levels, the first year-over-year decline since April 2017, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
December 23, 2019Electric-Truck Maker Rivian Raises $1.3 Billion in New Funding
Rivian Automotive Inc., the electric truck maker already backed by Amazon.com and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.
December 23, 2019Tesla Tops Elon Musk’s $420 Milestone for First Time
Tesla Inc. climbed above $420 for the first time Dec. 23 as fresh financing arranged from banks in China added to optimism supporting a monthslong rally.
December 23, 2019Factory Orders Fall 2%; Transportation Equipment Orders Dive 5.9%
WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods fell 2% in November, led by a large decrease in orders for defense aircraft and parts. Transportation equipment orders fell 5.9%, its biggest decline since May.
December 23, 2019GDS Express of Akron, Ohio, Closes Abruptly
AKRON, Ohio — GDS Express Inc., which has 75 tractor-trailers, abruptly closed a week before Christmas, leaving several drivers out on the road without paychecks or credit for fuel.
December 23, 2019China Announces Tariff Cuts, More Competition in Markets
BEIJING — China will reduce tariffs Jan. 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development.
December 23, 20192019: Freight Market Slowdown, Tariffs Diminished Trucking Industry's Performance
If 2018 was one big party for the trucking and freight business, 2019 was the day after the party.
December 20, 20192019: Hours-of-Service Rule, ELDs and Roads Dominated Political, Regulatory Concerns
For the trucking industry, 2019 was a year of transition, replete with regulatory victories and disappointments.
December 20, 2019Virginia’s $3.7 Billion Rail Investment Intends to Ease Freight, Road Congestion
Virginia Gov. Ralph Northam has announced a partnership between the state and CSX to expand rail service for both freight and passengers.
December 20, 2019