Government, Business

Biden ‘Open to Negotiate’ on Stimulus, Seeks GOP Backing

President Joe Biden speaks during an event in the White House. President Joe Biden speaks during an event in the White House. (Alex Wong/Getty Images)

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.

January 25, 2021
Business, Technology, Top 50

E-Commerce Shaped by COVID-19 May Become New Normal, Experts Say

Adam Colon Adam Colon by Transport Topics

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.

Eleanor Lamb | Staff Reporter
January 22, 2021
Business, Fuel

Oil Slips With Global Viral Resurgence Highlighting Demand Risks

An oil pumping jack operates in an oilfield in Russia in November 2020. An oil pumping jack operates in an oilfield in Russia in November 2020. (Andrey Rudakov/Bloomberg News)

Oil ended a choppy session lower with worsening global coronavirus outbreaks accentuating concerns over a demand rebound.

January 21, 2021
Government, Business, Safety

Buttigieg Pledges to Make Transportation Systems COVID-Safe

Pete Buttigieg told the Senate in his confirmation hearing that he would look to ensure systems were managed safely. Pete Buttigieg told the Senate in his confirmation hearing that he would look to ensure transportation systems were managed safely amid the COVID-19 pandemic. (Joe Buglewicz/Bloomberg News)

President Joe Biden’s pick to run the Department of Transportation says he will focus on preventing the spread of COVID-19 on the nation’s transportation systems if he is confirmed by the U.S. Senate.

Keith Laing | Bloomberg News
January 21, 2021
Government, Business

US Jobless Claims Fall Slightly; Remain Near 1 Million

A "Now Hiring" sign hangs on the front wall of a Harbor Freight Tools store in New Hampshire. A "Now Hiring" sign hangs on the front wall of a Harbor Freight Tools store in Manchester, N.H., in December 2020. (Charles Krupa/Associated Press)

Applications for U.S. state unemployment benefits fell only slightly the week of Jan. 11 and remained elevated, signaling heightened pandemic-related strain in the U.S. labor market just as Joe Biden begins his first days as president.

Olivia Rockeman | Bloomberg News
January 21, 2021
Government, Business, Logistics

Amazon Offers to Help Biden Administration With Vaccinations

An Amazon Prime truck sits at a company fulfillment center in November 2020. (Chris Ratcliffe/Bloomberg News) An Amazon Prime truck sits at a company fulfillment center in November 2020. (Chris Ratcliffe/Bloomberg News)

Amazon .com Inc. is offering to help the Biden administration accelerate the distribution of COVID-19 vaccines, including to its own employees.

Spencer Soper and Matt Day | Bloomberg News
January 20, 2021
Government

Incoming Administration ‘Looking to the Future,’ Buttigieg Says

Pete Buttigieg by Associated Press Pete Buttigieg, nominated for the role of secretary of transportation, is scheduled to appear before the Senate Commerce Committee on Jan. 21. (Patrick Semansky/Associated Press)

A day before his confirmation hearing on Capitol Hill, President Joe Biden’s pick to lead the country’s transportation policy affairs championed a pandemic aid package that includes funds for transit systems.

Eugene Mulero | Senior Reporter
January 20, 2021
Government, Business, Fuel

Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts

Iranian oil tanker Grace 1 sits anchored off the Strait of Gibraltar in July 2019. (Marcelo del Pozo/Bloomberg News)

Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.

Alex Longley | Bloomberg News
January 20, 2021
Business, Technology, Equipment, Safety

Technology, Pandemic Reshape Industry’s Business Models, Panel Says

E-Commerce One major trend over the past year has been a spike in e-commerce. (Ergin Yalcin/Getty Images)

Advancements in technology and the impact of the coronavirus pandemic have driven major changes in trucking, a panel of experts said Jan. 19.

Connor D. Wolf | Staff Reporter
January 20, 2021
Government, Business

Yellen Says Aid to Jobless, Small Firms ‘Biggest Bang’ for Buck

Janet Yellen, Joe Biden's nomination for Treasury Secretary, arrives for a news conference in Delaware in December 2020. (AP) Janet Yellen, Joe Biden's nomination for Treasury secretary, arrives for a news conference in Delaware in December 2020. (Andrew Harnik/Associated Press)

Janet Yellen told lawmakers Jan. 19 that help for the unemployed and small businesses would provide the “biggest bang for the buck” as she made the case for President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan.

Saleha Mohsin | Bloomberg News
January 19, 2021

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