Lordstown Motors Inc., an electric-vehicle startup that recently went public, said it may not have the cash to get its debut pickup truck to market — and might not last as a company in the next 12 months if it can’t raise more capital.
June 8, 2021Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Walmart, Target Unveil Own Versions of Amazon Prime Day
Not to be outdone, Walmart and Target have announced they will hold big sales that will compete with Amazon Prime Day.
June 8, 2021Navistar Posts Surge in Fiscal Q2 Net Income
Navistar International Corp., the parent company of International brand trucks, reported a surge in net income and increased revenue for its fiscal second quarter as truck orders rose and it increased production.
June 8, 2021Manager’s Road Back to Baseball Took a Trucking Turn
Phillip Wellman is a baseball lifer, but a stint as a trucking fleet manager left an indelible impression.
June 8, 2021Colonial Pipeline CEO Defends Cyberattack Response
The chief executive officer of the pipeline company hit by a ransomware attack last month apologized to a U.S. Senate panel for the incident that paralyzed the East Coast’s flow of gasoline, diesel and jet fuel, while defending his company’s response and offering tips for future hacking victims.
June 8, 2021Job Openings Surge to Record 9.3 Million in April
WASHINGTON — U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at breakneck speed.
June 8, 2021Automakers Face a Threat to EV Sales: Slow Charging Times
DETROIT — If the auto industry is to succeed in its bet that electric vehicles will soon dominate the roads, it will need to overcome a big reason why many people are still avoiding them: fear of running out of juice between Point A and Point B.
June 8, 2021Biden to Launch Task Force on Bottlenecks in Supply Chains
WASHINGTON — The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
June 8, 2021Trade Deficit Dips to $68.9 Billion With Exports Up
WASHINGTON — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.
June 8, 2021Biden-Capito Infrastructure Talks Stall
President Joe Biden’s negotiations on an infrastructure deal with Republican Sen. Shelley Moore Capito appeared to stall June 7 and a bipartisan group of senators say they are ready to step in with an alternative.
June 7, 2021Trending
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