The deficit in U.S. trade of goods and services narrowed in June for the first time since February as exports jumped, though shipments remained well below pre-pandemic levels.
August 5, 2020Search
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Anthony Levandowski Sentenced to 18 Months in Prison
Autonomous driving engineer Anthony Levandowski was ordered to spend 18 months in prison for stealing trade secrets from Google as he defected to Uber Technologies Inc., in one of the highest-profile criminal cases to hit Silicon Valley.
August 4, 2020Tropical Storm Isaias Drives Wild Weather Up Interstate 95
WINDSOR, N.C. — Tropical Storm Isaias spawned tornadoes and dumped rain along the U.S. East Coast on Aug. 4 after making landfall as a hurricane in North Carolina, where it smashed boats together and caused floods and fires that displaced dozens of people. At least two people were killed when one of its twisters hit a mobile home park.
August 4, 2020Senate Panel to Consider USDOT IG Nominee Eric Soskin
President Donald Trump’s nominee to lead the U.S. Department of Transportation’s internal watchdog division is scheduled to appear before a Senate panel Aug. 6.
August 4, 2020FAA Spells Out Design Changes Needed in Grounded Boeing Jet
Federal regulators on Aug. 3 outlined a list of design changes they will require in the Boeing 737 Max to fix safety issues that were discovered after two deadly crashes that led to the worldwide grounding of the plane.
August 4, 2020DOT Funds Four New University Transportation Centers
The U.S. Department of Transportation announced $4.9 million in funding has been awarded to support four new University Transportation Centers.
August 4, 2020YRC Posts Q2 Declines
Losses at YRC Worldwide Inc. widened in the second quarter amid the economic fallout of the COVID-19 pandemic, but the company said federal loans it received under coronavirus relief efforts will help position it to emerge healthier from the downturn.
August 4, 2020Average Price of Diesel Continues to Linger in $2.40s
Diesel fell for the third consecutive week, by three-tenths of a cent to $2.424 a gallon.
August 3, 2020Oil Rises With Signs of Economic Recovery Buoying Demand
Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.
August 3, 2020Smithfield Goes On Defensive Over COVID-19 Response
Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.
August 3, 2020