The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy.
August 26, 2020Trucking 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.
Now a Category 4 Hurricane, Laura Could Bring āUnsurvivableā Storm Surge
DELCAMBRE, La. ā Laura strengthened Aug. 26 into a menacing Category 4 hurricane, raising fears of a 20-foot storm surge that forecasters said would be āunsurvivableā and capable of sinking entire communities. Authorities implored coastal residents of Texas and Louisiana to evacuate and worried that not enough had fled.
August 26, 2020Durable Goods Orders Unexpectedly Accelerate in July
U.S. orders for durable goods rose in July by more than double estimates amid a continued surge in automobile demand, indicating factories will help support the economic rebound in coming months.
August 26, 2020American Airlines Expects 19,000 Job Cuts Once Payroll Aid Ends
American Airlines Group will cut 19,000 workers once federal payroll aid expires Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand.
August 25, 2020NACFE Identifies Priority Regions for EV Deployments
The United States has five high-priority areas where the regional haul environment is inherently so well suited for moving freight economically with electric vehicles that fleet owners there should plan to deploy those trucks āeven if just as a pilot project,ā according to the North American Council for Freight Efficiency.
August 25, 2020New York, New Jersey Sue Trump, DeJoy Over USPS Service Changes
New York and New Jersey sued President Donald Trump and Postmaster General Louis DeJoy over major changes to postal service operations that the states fear will hinder mail-in voting during the November election.
August 25, 2020Trump Touts Infrastructure Permitting Reforms
The administrationās recent aim at advancing infrastructure projects through environmental permitting changes was touted by President Donald Trump.
August 25, 2020Gasoline Rises to Five-Month High on US Gulf Hurricane Threat
Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home to the nationās greatest concentration of refining capacity.
August 25, 2020Trimble Aims to Streamline Supply-Chain Collaboration
Trimble Transportation has set out to create a more seamless and transparent supply chain by enabling closer collaboration among carriers, shippers and third-party logistics providers.
August 25, 202011 More Indicted in Staged Accidents With Trucks in New Orleans
A federal grand jury in New Orleans has returned a second round of indictments in an ongoing investigation of individuals staging automobile accidents with tractor-trailers, charging 11 people on seven fraud counts in connection with two incidents from 2017.
August 25, 2020Trending
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