The Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near zero through 2022, as Chairman Jerome Powell committed the central bank to using all its tools to help the economy recover from the coronavirus.
June 10, 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.
German Government Agrees on National Hydrogen Strategy
The German government agreed June 10 on a long-term strategy for increasing production and use of hydrogen as part of a plan to cut the country鈥檚 greenhouse gas emissions.
June 10, 2020Class 8 Sales in May Fall to Lowest Point Since 2011
U.S. Class 8 retail sales in May tumbled 62.5% 鈥 during the heart of the novel coronavirus pandemic 鈥 to just above 9,000 compared with a year earlier, WardsAuto.com reported.
June 10, 2020What the New Normal for Trucking Will Be Remains a Question
Trucking companies continue to navigate the coronavirus pandemic, but what the new normal will be remains a mystery.
June 10, 2020Booming Business: Pigs Flying to China in 747 Jumbo Jets
The coronavirus has wreaked havoc on commercial aviation, but Alexey Isaykin鈥檚 cargo carrier has been fully loaded.
June 10, 2020Tesla鈥檚 Elon Musk: 鈥楾ime to Go All Out鈥 on Semi Production
CEO Elon Musk sent an email to Tesla employees before the market opened June 10 declaring that it is 鈥渢ime to go all out鈥 and put Tesla鈥檚 Semi into volume production.
June 10, 2020Ford Sees Plants Resuming Pre-Virus Production Within Weeks
Ford Motor Co. expects its U.S. plants will come all the way back from coronavirus-related shutdowns within the next month, a top executive said.
June 10, 2020American Airlines to Put 141 Planes Back in Service to Boost Flights
American Airlines Group Inc. will take 141 aircraft from storage to support an increase in July service as travelers return to the skies faster than expected amid the coronavirus pandemic.
June 9, 2020US Emissions Set for Record Dive With Factories and Cars Idled
Greenhouse gas emissions in the U.S. are poised for a record plunge this year, the result of coronavirus lockdown orders that have shuttered factories, closed stores and left cars and jets sitting idle.
June 9, 2020FMCSA Extends, Modifies HOS Emergency Declaration
FMCSA has extended and modified its emergency declaration for motor carriers that are providing direct assistance in support of coronavirus-related relief efforts.
June 9, 2020Trending
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