The Greenbrier Cos. is cutting hundreds from its workforce and suspending railcar production at its Portland, Ore., facility due to the economic impact of the coronavirus, the company announced April 16.
April 20, 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.
Stocks Sink Under Weight of Another Collapse in Oil Prices
Stocks have fallen in early trading on Wall Street April 20, as energy stocks get hammered by the latest collapse in the price of oil.
April 20, 2020Drivewyze Expands Rest Area Parking Notifications
Drivewyze announced it expanded its notifications of temporary rest area parking to include Arizona, Virginia and Ohio.
April 20, 2020Navistar Extends Stoppage at Springfield, Ohio, Truck Plant
Navistar International Corp. extended the stoppage at its medium-duty truck assembly plant in Springfield, Ohio, through early May due to component supplier constraints.
April 20, 2020Dana Reduces Operating Costs Due to Lower Demand
Dana Inc. announced it significantly reduced operating costs, secured $500 million of incremental liquidity and temporarily suspended its quarterly dividend due to lower customer demand.
April 20, 2020Trump, Congress Near Deal on Small Business, Hospital Aid
The Trump administration and Congress expect an agreement April 20 on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.
April 20, 2020Georgia Company Builds Hospital Rooms From Shipping Containers
A company is adding more hospital beds for Georgia coronavirus patients one shipping container at a time.
April 17, 2020UPS Shipping First Ventilators From GM Facility to Hospitals
UPS is shipping ventilators made in a General Motors facility to hospitals in the Chicago area.
April 17, 2020Amazon Nudges Customers Away From Nonessential Items
The pandemic has many of us acting in unusual ways, and the world’s largest e-commerce company is no exception: Amazon.com has begun discouraging users from buying things they don’t need.
April 17, 2020Convoy Underwrites Cost to Ship to Local Food Banks
Digital freight broker Convoy announced it will pay the trucking costs for any food-producing business in the U.S. wanting to donate a truckload of product to a local food bank.
April 17, 2020Trending
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