Biden Gives Small Firms Exclusive Two-Week Access to PPP
President Joe Biden said his administration is seeking to help small businesses by giving them exclusive access to the Paycheck Protection Program for two weeks, and he called on lawmakers to pass his $1.9 trillion stimulus plan to provide additional assistance.
February 22, 2021Experts Warn of Spiking DEF Prices
Prices for the diesel exhaust fluid that is a vital component of emissions systems on newer trucks are rising as costs for urea — a core DEF ingredient — have jumped.
February 22, 2021Mississippi’s I-20 Bridge Project On Track Despite Weather
Mississippi Department of Transportation crews are pressing on with work to replace a bridge carrying Interstate 20 through the state capital.
February 22, 2021Xos to Go Public and Expand Battery-Electric Vehicle Production
Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.
February 22, 2021ATA Launches Efforts to Help Texans Battered by Storm
American Trucking Associations has launched a relief effort aimed at helping those in Texas and Louisiana impacted by the recent deadly snowstorm.
February 22, 2021Kuehne + Nagel Buys Apex Logistics in $1.5 Billion Deal
Kuehne + Nagel International AG has agreed to acquire Apex International Corp. in a deal that values the freight forwarder at about $1.5 billion, according to people familiar with the matter.
February 22, 2021Lucid Motors Reportedly Near Deal to Go Public
Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early this week, according to people familiar with the matter.
February 22, 2021Goodyear Acquires Cooper in All-American Tire Deal
Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that will combine the two century-old Ohio manufacturers.
February 22, 2021LTL Carrier Yellow to Hire 1,500 New Drivers
Yellow Corp. is launching a driver-training initiative that aims to bring up to 1,500 new drivers into the trucking industry.
February 22, 2021Pennsylvania Trucking Industry Opposes State DOT’s Bridge Tolling Plan
The Pennsylvania Department of Transportation has released a list of bridges that are being considered for tolling, a practice the state’s trucking community has bristled against.
February 19, 2021