Convoy Shuts Down After Failing to Find Buyer
Digital freight network Convoy Inc. was forced to shut its doors after no viable options to continue operations emerged, CEO Dan Lewis said in an Oct. 19 memo to employees.
Government Shutdown Averted as Senate Passes Stopgap Spending Bill
The Senate passed a one-week government spending bill and President Donald Trump signed it Dec. 11, averting a government shutdown.
Trucking Company New York Express and Logistics to Close
SYRACUSE, N.Y. — New York Express and Logistics is shutting down and laying off its 107 employees after losing a major contract.
GDS Express of Akron, Ohio, Closes Abruptly
AKRON, Ohio — GDS Express Inc., which has 75 tractor-trailers, abruptly closed a week before Christmas, leaving several drivers out on the road without paychecks or credit for fuel.
Democrats, GOP Reach Deal to Avert Government Shutdown
Lawmakers from the House and Senate have reached a bipartisan deal to fund the government before the Dec. 20 spending deadline, according to Nita Lowey, the New York Democrat who chairs the House Appropriations Committee.
2019 Trucking Company Closures So Far Have Doubled All of 2018
More trucking firms have shut down during the first six months of 2019 than in all of 2018, a result of a softer freight market and the broader effects of tariffs on imported goods, a freight market expert said.
HVH Transportation of Denver Closes
Denver-based truckload carrier HVH Transportation Inc. closed its doors on Aug. 27 after a string of financial setbacks, company officials and drivers told Transport Topics.
Zero Growth This Quarter Possible With Shutdown, White House Says
White House Council of Economic Advisers Chairman Kevin Hassett said that if the partial government shutdown extends through March, there’s a chance of zero economic expansion this quarter, though “humongous” growth would follow once federal agencies reopen.
Hours-Long Shutdown Ends With Budget Accord as Trump Signs Off
President Donald Trump signed a two-year budget agreement that will boost federal spending by almost $300 billion and suspend the debt ceiling for a year, ending a brief partial government shutdown that began at midnight when lawmakers missed a funding deadline.
Democrats Pull Out of Trump Meeting After He Says Deal to Avoid Shutdown Is Unlikely
The top two Democratic leaders in Congress pulled out of a meeting with President Donald Trump Nov. 28 after he tweeted that a budget deal with them was unlikely, raising the odds that the U.S. government will partially shut down next week.