27 Jun Jobless Claims Increase to Highest Level in Seven Weeks Filings for U.S. unemployment benefits increased by more than expected to a seven-week high, a possible sign of strains in the labor market that could factor into the Federal Reserve’s debate over whether to cut interest rates next month. Read more...
27 Jun Ford to Cut 20% of European Workforce in Sweeping Overhaul Ford Motor Co. will eliminate about 20% of its workforce across Europe in a sweeping overhaul to tackle the carmaker’s falling sales in the region and lift weak profitability. Read more...
27 Jun PGT Trucking Expands Operations, Expects to Create Jobs Pennsylvania-based flatbed transportation company PGT Trucking will expand operations, creating 25 jobs in the process. Read more...
27 Jun Pittsburgh Tech Firm Argo AI, Carnegie Mellon Team on Autonomous Research Center Carnegie Mellon University is teaming with a Pittsburgh self-driving vehicle company to create a research center geared toward handling challenging road conditions, including changing weather patterns and construction zones. Read more...
27 Jun Convoy Creates Method for Drivers to Book Multiple Loads at Once Digital freight broker Convoy announced Automated Reloads, an app-based program that allows drivers to book multiple loads of freight at one time. Read more...
26 Jun VW Board Puts Ford Alliance on Agenda for July Meeting Volkswagen AG’s supervisory board plans to discuss and possibly approve next steps toward expanding an alliance with Ford Motor Co. when it meets in two weeks, according to people familiar with the matter. Read more...
26 Jun Oil Reaches 5-Week High on Biggest Drop in Stockpiles Since 2016 Oil rose to a five-week high as a huge drop in U.S. crude inventories bolstered the outlook for demand. Futures in New York climbed 2.7% June 26 after the U.S. Energy Information Administration said domestic stockpiles fell by 12.8 million barrels last week. Read more...
26 Jun Philadelphia Refinery Wrecked by Fire Set to Close The biggest refinery on the East Coast will shut down, after a massive explosion and fire crippled operations at a site that has helped fuel the region for 153 years. Read more...
26 Jun Fiscal 2020 Transportation Funding Bill Advances in US House Funding for highway safety programs and grants for infrastructure projects nationwide advanced in the U.S. House of Representatives on June 25. Read more...
26 Jun Bill Wehrum Departing EPA in Wake of Ethics Allegations A high-level U.S. Environmental Protection Agency official with responsibility for trucking policy on glider trucks, nitrogen oxide emissions and the Phase 2 Greenhouse Gas rule for heavy trucks is leaving the agency amid allegations that he violated federal government ethics rules. Read more...