Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak.
June 11, 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.
Satellite Firm Develops Long-Distance System for Delivery Drones
Inmarsat Group Holdings Ltd. says it has found a way to safely fly civil drones over long distances, a step that may help pave the way for mass adoption by industries from transportation to energy and infrastructure.
June 11, 2020Jobless Claims Extend Gradual Decline, Remain Elevated
Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic.
June 11, 2020Disaster Management Expert Emphasizes Flexibility, Communication
Managing crises such as the coronavirus pandemic requires communication, planning and flexibility, said Ed Emmett, senior fellow at Rice University鈥檚 Kinder Institute for Urban Research.
June 11, 2020Fed Sees Interest Rates Near Zero Through 2022
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, 2020German 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, 2020