Business

J.B. Hunt Transport Services reported higher earnings and revenue for the fourth quarter of 2020, but said income dipped even as revenue rose for the full year.

Kansas City Southern reported a higher fourth quarter and higher annual net income, but lower revenue for the period.

President Joe Biden said he’s open to reshaping his $1.9 trillion COVID-19 relief proposal as the administration seeks a bipartisan deal, though didn’t rule out pursuing a Democrat-only route for passage.

The Connecticut Department of Transportation released its $9.7 billion capital plan, which includes investments across various modes of transportation over the next five years.

A global shortage of shipping containers that has sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods.

TFI International Inc. is acquiring UPS Freight in an $800 million deal announced Jan. 25.

A so-called spotter who participated in at least two staged accidents against trucks in the New Orleans area has been sentenced to 21 months in prison for his part in the wire fraud conspiracy.

Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state.

The online shopping trend hastened by the COVID-19 pandemic may signal a new normal for purchasing habits and shipping services, according to Adam Colon, director of operations at J.B. Hunt Transport Services Inc.

President Joe Biden’s pick to lead the U.S. Department of Commerce is scheduled to defend her nomination before a Senate panel Jan. 26.