A shortage of truck drivers that has been simmering in the United States for years has reached a full boil, causing anxiety from small factories to the Federal Reserve.
August 1, 2018Search
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Volkswagen Posts Profit Increase, Cautions Against ‘Protectionism’
FRANKFURT, Germany — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins but warned that “growing protectionism†is a threat to the globally connected car industry.
August 1, 2018ADP Survey: US Companies Add 219,000 Jobs in July
WASHINGTON — U.S. businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers still are able to find the workers they need despite the low unemployment rate.
August 1, 2018US, Mexico Close to a Deal in NAFTA Car Talks, Sources Say
The United States and Mexico are in the final stages of negotiating a deal on rules for cars sold under NAFTA, one of the biggest sticking points in discussions to overhaul the North American Free Trade Agreement, according to five people familiar with the talks.
July 31, 2018European Economic Expansion Slows Amid Trade Fears
FRANKFURT, Germany — Europe’s economic upswing slowed further in the second quarter amid concerns over global trade disputes that have seen the world’s major powers impose new tariffs on each other.
July 31, 2018Cummins Recalls 500,000 Trucks for Emission Control Catalyst Failures
In the most far-reaching effort of its kind, engine maker Cummins Inc. announced it will voluntarily recall 500,000 model-year 2010-15 medium- and heavy-duty trucks to replace a defective catalyst in the emissions control system.
July 31, 2018Pay Gains for US Workers Slowed in 2Q
WASHINGTON — U.S. workers saw their wages and benefits grow more slowly in the second quarter, a sign that a tight labor market has yet to accelerate income gains.
July 31, 2018Uber Stops Work on Self-Driving Trucks, Reassigns Employees
Uber Technologies Inc., a pioneer developer of autonomous trucks that helped the idea gain traction with the industry, announced it has halted its self-driving truck program. Instead, it will focus the technology on its fleet of passenger cars.
July 31, 2018Consumer Spending Up Solid 0.4% in June
WASHINGTON — Consumer spending rose by a solid 0.4% in June, while a key gauge of inflation increased at an annual pace of 2.2% for a second straight month — the strongest back-to-back gains in six years.
July 31, 2018Diesel Creeps Up 0.6¢ to $3.226
The U.S. average retail price of diesel crept up 0.6 cent to $3.226 a gallon while crude oil prices jumped higher as Middle East tensions continued.
July 30, 2018