Volkswagen AG’s use of technology that helped it to cheat on diesel engine pollution tests violated European Union rules, an EU legal adviser warned in the second setback for the automaker at the bloc’s highest court this month.
April 30, 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.
30 Million Have Sought Unemployment Aid Since Virus Hit
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
April 30, 2020Trump Shines Spotlight on Infrastructure Amid Uncertain Legislative Agenda
President Donald Trump continues to press lawmakers to take up an infrastructure funding package as part of ongoing COVID-19 relief efforts.
April 29, 2020C.H. Robinson Q1 Profits Fall, Revenue Rises
C.H. Robinson Worldwide’s first-quarter profit declined by more than half as pricing pressure impacted revenue for its truckload operations.
April 29, 2020Saia Sets Records for Revenue, Operating Income in Q1
Saia Inc. reported record operating income and revenue for the first quarter but saw business take a downturn late in the period.
April 29, 2020Oil Climbs on Biggest Jump in US Gasoline Demand in 11 Months
Oil rallied on optimism that consumption could gradually return as major producers continue to cut output to counter a global glut.
April 29, 2020Werner Enterprises Reports $592.7 Million Revenue for Q1
Werner Enterprises reported steady revenue but a decline in net income during the first quarter of 2020, and the company said it is positioning itself to navigate the freight environment going forward amid the COVID-19 pandemic.
April 29, 2020Daimler Profit Drops Amid Falling Demand
Daimler AG reported net income plunged 92%, and revenue slipped 6% in the first quarter as a result of the novel coronavirus.
April 29, 2020Ryder Reports Q1 Net Loss
Ryder System Inc. reported a net loss of just over $100 million in the first quarter and revenue slipped 1% as it adjusted to the impact of COVID-19 on the economy and its markets.
April 29, 2020Economy Shrinks 4.8% in Q1 as Result of Coronavirus
The U.S. economy contracted by 4.8% on an annualized rate in the first quarter, according to the U.S. Commerce Department, which released the gross domestic product figures April 29.
April 29, 2020Trending
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