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Government, Business, Safety

Unemployment Rate Drops by More Than Expected to 8.4%

The unemployment rate in August fell by more than expected. An employee sanitizes the credit card machine at a store in Oak Park, Mich. (Emily Elconin/Bloomberg News)

The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.

Reade Pickert | Bloomberg News
September 4, 2020
Business, Technology, Logistics

Circle Logistics Begins Posting Loads on NextLOAD

Circle Logistics truck In March, Circle announced a partnership to book loads via DAT Book Now, an automated freight-tendering technology platform. (Circle Logistics)

Freight broker Circle Logistics has begun posting up to 600 available freight loads daily directly to NextLOAD.

September 4, 2020
Government, Business, Technology, Safety

FMCSA Pilot Would Allow Younger Drivers in Interstate Commerce

young driver wearing mask mladenbalinovac/Getty Images

The Federal Motor Carrier Safety Administration has announced a proposal and request for comment on a new pilot program to allow drivers ages 18-20 to operate commercial motor vehicles in interstate commerce.

Eric Miller | Senior Reporter
September 4, 2020
Government, Business

Kentucky Officials Announce Funds for Industrial Access Roads

Welcome to Kentucky sign AndreyKrav/Getty Images

Kentucky officials recently announced funding will be directed to industrial access road infrastructure projects to promote economic development and the movement of freight.

Eleanor Lamb | Staff Reporter
September 4, 2020
Business, Logistics, Top 50, Top 100

U.S. Xpress Names Matt Herndon President of Dedicated Unit

U.S. Xpress truck John Sommers II for Transport Topics

Truckload carrier U.S. Xpress Enterprises Inc. announced the appointment of Matt Herndon to president of dedicated services.

September 3, 2020
Government, Business, Technology

Tech Rout Sends Stock Market to Biggest Loss Since June

Tech stocks dropped sharply Sept. 3, bringing the rest of the market down with them. (Mark Lennihan/Associated Press)

Wall Street’s euphoria took a break Sept. 3, as steep losses in technology stocks dragged the rest of the market down with them.

Ken Sweet and Damian Troise | Associated Press
September 3, 2020
Business, Logistics, Top 100

Mullen Group Acquires Remaining Shares of Pacific Coast Express Limited

Pacific Coast Express truck John Sommers II for Transport Topics

Mullen Group has acquired the remaining shares of Pacific Coast Express Ltd., the company announced Sept. 1.

September 3, 2020
Government, Business, Technology, Safety, Logistics

DOT Releases National Freight Strategic Plan

Chao Chao makes the virtual announcement in front of the DOT building. (U.S. Department of Transportation via YouTube)

U.S. Department of Transportation officials convened virtually to unveil the comprehensive National Freight Strategic Plan on Sept. 3.

Eleanor Lamb | Staff Reporter
September 3, 2020
Business, Equipment

August Class 8 Orders Underscore Replacement Demand

Trucks on lot Paccar

North American Class 8 orders in August reached replacement levels as fleets found the freight market growing stronger despite the many uncertainties in society at large, ACT Research reported.

Roger Gilroy | Senior Reporter
September 3, 2020
Business, Technology, Autonomous

Tesla’s Three-Day Correction Approaches Bear Market

Tesla's stock is approaching bear market territory. (Nina Riggio/Bloomberg News)

Tesla Inc. shares are now officially in correction territory, in a week that saw the electric-vehicle maker announce a share sale that could dilute its value and a top holder say it would cut its stake nearly in half.

Esha Dey | Bloomberg News
September 3, 2020