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DAT Buys Trucker Tools to Boost Digital Freight Features

The deal, which closed Dec. 17, brings Trucker Tools’ platform suite for freight visibility, digital load booking and carrier engagement under the umbrella of DAT’s operations.

December 17, 2024

Economists Raise 2025 Inflation Forecasts on Tariff Worries

While economists expect the Fed to lower rates on Dec. 18 for a third straight meeting, they are now penciling in just three more quarter-point cuts in 2025.

December 17, 2024

Delaware Opening Up CDL Testing to Third Parties

The Delaware DMV is inviting private companies to apply to become providers of third-party commercial driver license skill tests before the state launches this new capability next spring.

December 17, 2024

Yellow, Pension Funds' Claims Battle to Extend Through Q1

Oral arguments on dispositive motions related to the claims by 11 pension funds are now set to take place at a Jan. 28 hearing at the Delaware Bankruptcy Court.

December 17, 2024

Black Friday, Auto Discounts Boost US Retail Sales 0.7%

The value of retail purchases, not adjusted for inflation, increased 0.7% after upward revisions to the prior two months, Commerce Department data showed Dec. 17.

December 17, 2024

Lion Electric Wins Court Protection From Creditors

After winning breathing room with its bankers to look for additional funding earlier in December, Lion said it failed to raise any cash and was now in default on debt repayments.

December 17, 2024

Volkswagen Negotiations Stumble Over Layoffs and Wages

If insufficient progress is made on a deal by early Dec. 18, the board of union IG Metall is prepared to hold a vote at the end of the week to pave the way for 24-hour walkouts.

December 17, 2024

Diesel Price Gains 3.6¢ to $3.494 After Last Week’s Decline

U.S. diesel prices rose modestly by 3.6 cents to an average of $3.494 per gallon, according to U.S. Energy Information Administration data released Dec. 16.

December 16, 2024

Biden’s LNG Study to Stop Short of Halting New Exports

A study of liquefied natural gas exports by the Biden administration is expected to stop short of saying the approval of more shipments isn’t in the public interest, according to sources.

December 16, 2024