U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.
June 16, 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.
Average Price of Diesel Inches Upward by 0.7¢ to $2.403
The national average price of diesel has increased seven-tenths of a cent to $2.403, according to the Energy Information Administration.
June 15, 2020DOT Launches AV TEST Initiative
The U.S. Department of Transportation has launched a program to increase transparency and inform members of the public about automated vehicle technologies.
June 15, 2020Fed Will Begin Buying Broad Portfolio of Corporate Bonds
The Federal Reserve said June 15 that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds.
June 15, 2020Driverless Car Industry Gets a Nudge on Standards, Transparency
Hundreds of driverless cars have been tested in locations across the U.S. in recent years, but standards are inconsistent and in a handful of cases there have been accidents and even a death.
June 15, 2020Amazon Tells Congress Bezos Will Testify in Tech Power Probe
Amazon.com Inc. told congressional investigators examining the market power of the largest technology companies that it would make CEO Jeff Bezos available to testify.
June 15, 2020Is Tesla Bigger Than Toyota? It’s Complicated
Many investors, including those using financial data terminals such as Bloomberg’s, were seeing something very different — that Tesla still had to gain more than $25 billion in market value to surpass Toyota.
June 15, 2020Shopify Advances After Deal With Walmart Expands Reach
Walmart Inc. has partnered with e-commerce giant Shopify Inc. to expand its third-party marketplace site and grab more of the pandemic-fueled surge in online shopping. Shares of the Canadian technology company rose June 15.
June 15, 2020KLLM Adds Intermodal Containers With Vector 1550 Refrigeration Units
KLLM Transport Services has added 610 domestic intermodal refrigerated containers that use Carrier Transicold’s thin-profile Vector 1550 refrigeration systems.
June 15, 2020Fears of Second Virus Wave Fizzle Oil Market
Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery.
June 15, 2020Trending
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