Business

Virginia has $97.6 million in two new low-interest federal loans to improve safety and traffic flows along its rolling Interstate 81 that cuts through rural mountain areas in a main trucking route linking southern economic areas and northeast markets.

Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad.

Trimble announced it has agreed to acquire Transporeon, a cloud-based transportation management software platform focused on connected supply chain infrastructure, in an all-cash transaction valued at $2 billion.

November U.S. retail sales of Classes 4-7 trucks overall fell 2.5%. It was the second-smallest decline this year, which so far has posted only one positive month compared with a year earlier, Wards Intelligence reported.

Gov. John Bel Edwards, the Port of New Orleans and two global maritime companies on Dec. 13 announced the formation of a public-private partnership to build a new $1.8 billion container facility on the lower Mississippi River.

The Federal Reserve reinforced its inflation fight Dec. 14 by raising its key interest rate for the seventh time this year and signaling more hikes to come.

The North American Council for Freight Efficiency said fuel efficiency in Class 8 trucks participating in its annual fleet study from 2018 to 2020 remained flat at 7.24 mpg after seven previous years of 2% annual increases.

Volvo Autonomous Solutions and freight broker Uber Freight announced a long-term strategic partnership to deploy Volvo’s autonomous transport network within Uber Freight’s marketplace.

California’s move toward its 2035 goal of requiring all drayage trucks to be zero-emission is ramping up. Port and trucking experts say to achieve that, the hard work needs to be done now and for at least the next 10 years.

With extra holiday congestion at the El Paso border, Texas Department of Public Safety officers are conducting random enhanced inspections on commercial vehicles as they cross international ports of entry from Mexico into Texas to combat illegal activity.