UPS Inc. reported strong results in the second quarter, as a surge in deliveries to homes and businesses has helped lift the company through the COVID-19 pandemic.
July 30, 2020GovernmentBusinessFuel
EPA’s National NOx Proposal Headed for Another Delay
There is mounting evidence that the U.S. Environmental Protection Agency’s low oxides of nitrogen proposed rule, already months behind schedule, will not be completed until after the November elections, according to trucking industry and environmental group sources.
July 30, 2020BusinessTechnology
GM Prodded to Catch Electric-Car Zeitgeist With Name Change
General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something avant-garde.
July 30, 2020BusinessEquipment
Meritor Posts Fiscal Q3 Loss, Steep Revenue Decline
Meritor Inc. reported a net loss and a broad decline in revenue in its fiscal-year third quarter amid decreased customer demand.
July 30, 2020BusinessEquipment
Dana Reports Q2 Net Loss, Steep Drop in Revenue
Dana Inc. reported a net loss and sharp decline in revenue in the second quarter as its global business segments adjusted to unprecedented conditions in the midst of the novel coronavirus pandemic.
July 30, 2020BusinessLogistics
Walmart Is Eliminating Hundreds of Corporate Jobs
Walmart Inc. has eliminated hundreds of corporate positions, according to people familiar with the matter, as retailers around the country slim down at the back-office level.
July 30, 2020BusinessLogisticsTop 50Top 100
Ryder Steps in as Amazon Restricts Third-Party Sellers
Ryder System Inc. is positioning itself to fill a major void left by Amazon.com Inc. after the online retail giant announced it will restrict warehouse space for third-party sellers.
July 30, 2020GovernmentBusiness
US Economy Shrank at Record-Breaking 33% Rate Last Quarter
The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said July 30.
July 30, 2020BusinessLogisticsTop 100
Werner Reports Q2 Revenue of $569 Million
Werner Enterprises reported declines in second-quarter revenue and net income during what the company’s leader said was one of the toughest business environments it has ever confronted.
July 30, 2020GovernmentBusinessSafety
House Lawmakers Examine FEMA’s Disaster Response Policies
The COVID-19 pandemic prompted several congressional transportation leaders to examine the Federal Emergency Management Agency’s ability to assist citizens during events that impede access to freight and passenger corridors.
July 30, 2020