U.S. stocks rose as traders looked past trade jitters and weak economic data. Treasuries fell. Oil jumped.
May 15, 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.
Slump at US Ports Continues in April
The slump at the nation’s ports continued in April as 20-foot-equivalent container (TEU) volumes were down, in some cases by double digits when compared with 2019.
May 15, 2020California Agency Approves $17.4 Billion for Highway Projects
The California Transportation Commission recently approved $17.4 billion to support about 900 projects outlined in the State Highway Operation and Protection Program.
May 15, 2020Palmer Trucks Adds Indiana Dealership
Palmer Trucks announced its dealership in Louisville, Ky., was scheduled to open a new Kenworth Truck Co. parts and service dealership in Sellersburg, Ind., with limited services May 18 and with tentative plans to offer full service beginning June 1.
May 15, 2020Daimler Halts SUV Production at US Plant Over Mexico Parts Delays
Daimler AG is suspending production at a Mercedes-Benz SUV plant that was one of the first in the U.S. to reopen due to a shortage of parts supplied from Mexico.
May 15, 2020Autoworkers’ Tenuous Return a Ray of Hope in Jobs Crisis
Defying a wave of layoffs that has sent the U.S. job market into its worst catastrophe on record, at least one major industry is making a comeback: Tens of thousands of autoworkers are returning to factories that have been shuttered since mid-March due to fears of spreading the coronavirus.
May 15, 2020Oil Trades Near Six-Week High on Supply Cuts, Demand Recovery
Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering.
May 15, 2020US Economy Hits Record Lows in April Retail, Factory Data
U.S. retail sales and factory output registered the steepest declines on record in April, illustrating a recession so deep that it likely will take years to fully recover.
May 15, 2020FMCSA Denies PTS Worldwide Request to Split Sleeper Berth Time
The Federal Motor Carrier Safety Administration has denied a five-year exemption request by Department of Defense highly sensitive cargo carrier PTS Worldwide to split sleeper berth hours into segments of 4/6, 5/5 or 6/4 hours.
May 15, 2020Truck Stops Providing Essential Services to Truckers, Navigating the Downturn
Like truck drivers, truck stops are struggling during the coronavirus pandemic. But they are still open, working to ensure drivers have the essentials they need.
May 14, 2020Trending
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