Business

While the pandemic exacerbated weaknesses in the global supply chain, new opportunities for the trucking industry to grow domestically have also been uncovered.

Federal programs aimed at improving safety along the country’s highways will receive a boost in funding, the National Highway Traffic Safety Administration recently indicated.

The Virginia Trucking Association is partnering with a public-private partnership on an initiative to recruit and train drivers for trucking jobs in the state.

Target is an early winner of the U.S. holiday shopping season. The big-box chain increased sales approximately 10% in November, according to Bloomberg Second Measure, which analyzes anonymized U.S. consumer transactions to measure revenue.

Truck tonnage in November posted the strongest year-over-year gain since spring, American Trucking Associations announced on Dec. 21, as busy consumer spending both in brick-and-mortar stores and online propelled a surge in freight activity.

Nikola Corp. will pay a $125 million penalty to the U.S. Securities and Exchange Commission over allegedly misleading statements its founder and former CEO made to investors about the electric vehicle startup.

UPS Inc. agreed to buy 19 Boeing Co. freighter jets as soaring e-commerce and snarled shipping lines lead to a boom in air-cargo demand.

The trucking industry will look back on 2021 as a year of important victories for infrastructure improvement and workforce development, and now can look ahead to the opportunities those victories present, leaders from American Trucking Associations said.

Tesla Inc.’s stock went on a tear after an October deal with Hertz Global Holdings Inc. signaled broader mainstream adoption of its electric cars.

FMCSA Deputy Administrator Meera Joshi has been selected by New York City Mayor-elect Eric Adams to be that city’s deputy mayor for operations, a move that spells the end of Joshi’s nomination to become leader of the federal safety agency.