The law governing the country’s transportation operations was extended for a year after President Donald Trump’s recent signing of a temporary funding measure that averts a shutdown of the federal government.
October 1, 2020GovernmentBusiness
Pelosi, Mnuchin Still Far Apart on Virus Stimulus Deal
U.S. House Speaker Nancy Pelosi told top Democrats Oct. 1 that she’s skeptical of getting a deal for a new economic stimulus in negotiations with Treasury Secretary Steven Mnuchin, according to two House Democratic officials.
October 1, 2020BusinessTechnologyLogisticsTop 100
Trucking Approaches Holiday Shipping Season ‘Unlike Any Seen Before’
An exceptionally busy holiday shipping season appears to be on the horizon, and with it comes concerns about capacity.
October 1, 2020BusinessTechnologyAutonomous
Jim Farley Becomes New Ford CEO, Pledges Stronger Profit Margins
On his first day in Ford’s top job, CEO Jim Farley is replacing the company’s chief financial officer and announcing other structural and management changes.
October 1, 2020GovernmentBusiness
American, United to Lay Off 32,000 as Aid Talks Drag On
American Airlines Group Inc. and United Airlines Holdings Inc. will start laying off thousands of employees as scheduled, spurning Treasury Secretary Steven Mnuchin’s appeal for a delay as he negotiates with Congress over an economic relief plan that includes payroll support for U.S. carriers.
October 1, 2020GovernmentBusiness
US Layoffs Remain Elevated as 837,000 Seek Jobless Aid
The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
October 1, 2020BusinessTechnology
Tech Investments Prove Vital During Pandemic, McLeod Says
Trucking and logistics companies that have been investing in technology to improve their operations also have been well-positioned to handle the disruption caused by the ongoing coronavirus pandemic, McLeod Software’s CEO said.
October 1, 2020GovernmentBusiness
Mnuchin Says There Is Still No Agreement on Fiscal Stimulus
U.S. Treasury Secretary Steven Mnuchin said there’s still no agreement on a fresh fiscal stimulus package after he met for about 90 minutes with House Speaker Nancy Pelosi.
September 30, 2020Business
US Automakers Dig Out of Pandemic Hole as Prices Soar
Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic.
September 30, 2020GovernmentBusinessTechnologySafetyFuel
Biden Emphasizes Infrastructure Resilience, Electrification in Debate
Under his administration the highways of tomorrow would consist of thousands of charging stations for fleets of electric vehicles, former Vice President Joe Biden insisted during his first debate with incumbent President Donald Trump.
September 30, 2020