U.S. retail sales of medium-duty trucks were supported in an otherwise abysmal April by a modest gain in the lighter segments. Overall sales fell 29% compared with a year earlier, WardsAuto.com reported.
May 13, 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.
House Democrats Propose $15 Billion for State Highway Programs
The country’s transportation agencies would receive a funding boost in a coronavirus economic relief measure House Democrats unveiled May 12.
May 13, 2020Tesla Operations Can Resume in California if Conditions Are Met
Alameda County officials said May 12 they have agreed to allow Tesla to reopen as early as next week if the auto manufacturer agrees to certain safety conditions.
May 13, 2020Powell Warns of Possible Sustained Recession From Pandemic
Federal Reserve Chair Jerome Powell warned May 13 of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.
May 13, 2020Circle Logistics Starts Bulk Division Focused on Ethanol
Freight broker Circle Logistics, which saw its business impacted by automakers' shutdown due to the coronavirus crisis, countered the stress by creating a bulk division to deliver tankers of ethanol, the key ingredient in hand sanitizer.
May 13, 2020Amazon Says Deliveries Returning to Normal After COVID-19 Crush
Amazon .com Inc. says the one- and two-day delivery times that shoppers have come to expect should gradually return in coming weeks as the online retailer catches up from a demand surge tied to the coronavirus outbreak.
May 13, 2020Uber’s Bid to Acquire Grubhub Draws Rebukes
Uber Technologies Inc.’s offer to buy Grubhub Inc. antagonized officials in Washington and major U.S. cities, who already were taking steps to limit the fees companies charge restaurants and regulate their treatment of workers. If a deal between the companies proceeds, analysts said it is likely to face antitrust scrutiny.
May 13, 2020CVSA’s 2020 Operation Safe Driver Week to Go On as Scheduled July 12-18
The Commercial Vehicle Safety Alliance’s 2020 Operation Safe Driver Week will go on as scheduled July 12-18, the trade association representing roadside inspectors announced May 12.
May 12, 2020XPO’s Brad Jacobs Says Company Open to Future Acquisitions
With at least $2 billion in cash, and $500 million in credit available, XPO Logistics Chairman and CEO Brad Jacobs says he would consider an acquisition if the company was a good fit.
May 12, 2020Alameda County Orders Tesla’s Fremont Plant to Stop Production
Alameda County officials sent a letter to a top Tesla safety employee May 11 ordering the company to cease manufacturing at its Fremont, Calif., plant, the strongest step local government has taken to check the electric car maker’s defiance of health orders.
May 12, 2020Trending
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