Business

Elon Musk’s dizzying ascent in 2020 hit a new peak this week as he’s about to become the head of an S&P 500 Index company. That’s just days after surging to the second-richest person on the planet with a $139 billion fortune.

Applications for U.S. state unemployment benefits fell by the most in almost two months, offering some hope that the gradual recovery in the job market will continue despite a spike in COVID-19 infections and renewed business restrictions.

The Transportation Intermediaries Association is asking federal regulators to sunset a decades-old regulation that the group argues is out of alignment with today’s brokerage marketplace.

XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.

FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.

The American Society of Civil Engineers on Dec. 2 released infrastructure report cards for Maine and West Virginia, both of which reflect challenges associated with aging infrastructure and financial needs.

Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.

The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report.

Many of the nation’s ports, especially on the West Coast, are reporting long delays to unload cargo ships, and warehouses near those facilities are filled as the supply chains are overloaded with goods.

A five-year update to a major parking availability survey for truck drivers had pretty much the same bottom line: There remains an overall critical shortage of parking spaces for truck drivers.