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US Companies Add Fewer Jobs Than Forecast, ADP Report Shows

U.S. companies added fewer jobs in October than forecast, a private report showed, indicating the absence of additional fiscal stimulus is prompting some firms to adjust payrolls as the pandemic continues to wear on the recovery.

November 4, 2020

Uber, Lyft Spend Big, Win in California Vote About Drivers

LOS ANGELES — Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections.

November 4, 2020

Trade Deficit Falls to $63.9 Billion in September

The U.S. trade deficit fell in September after hitting a 14-year high in August as exports outpaced imports.

November 4, 2020

OPEC President Says Saudis, Russia Push to Delay Supply Hike

Algeria, which this year holds the OPEC presidency, said that both Saudi Arabia and Russia were pressing fellow members to prolong the current oil-supply cuts into next year, rather than tapering them as planned. Algeria supported the proposal, the first country to publicly do so.

November 3, 2020

California Allows Private Sales of Electricity as Motor Truck Fuel

Volvo Trucks North America announced it, and other industry associations and companies, helped facilitate the modification of California utility rules to give private entities the ability to sell electricity as a motor fuel at publicly accessible charging stations for medium- and heavy-duty electric vehicles.

November 3, 2020

Stocks Rally, Crude Oil Jumps on Election Day

U.S. stocks rose as a gust of optimism swept through global equity markets as millions of Americans headed to vote. The dollar weakened and crude oil increased by the most in a month.

November 3, 2020

Anchorage Airport Among Nation’s Busiest as Pandemic Boosts Cargo Activity

Ted Stevens Anchorage International Airport remained one of the nation’s busiest airports in recent months as disrupted shipping patterns during the COVID-19 pandemic fueled soaring cargo activity.

November 3, 2020

Average Price of Diesel Drops 1.3¢; Oil Prices Plunge

The national average price of diesel dropped 1.3 cents, according to the Energy Information Administration’s weekly data released Nov. 2. The decline, which comes amid tumbling oil prices, is the eighth in the past nine weeks.

November 2, 2020

Perspective: Recognizing Trucking’s Character

From Sherri Garner Brumbaugh: It’s been said adversity doesn’t build character, it reveals it. Having worked in trucking for more than three decades, I can safely say 2020 has been a year unlike any other for our industry. We’ve navigated countless obstacles and unforeseen twists and turns over this difficult stretch.

November 2, 2020

FMCSA Plans Information Collection on Automated Driving Systems

The Federal Motor Carrier Safety Administration announced plans to submit an Information Collection Request associated with a project to learn more about trucking industry representatives’ opinions of automated driving systems.

November 2, 2020