11 Jul Officials Say Diesel Technician Shortage Starting to Ease as Recruiting Pays Off A leading trucking official said “there is definitely a shift going on” for the industry to address its critical shortage of technicians. Read more...
11 Jul Oil Trades Near Seven-Week High Amid Gulf Storm, 2020 Outlook Oil traded near a seven-week high as supply risks from a storm in the Gulf of Mexico and falling U.S. stockpiles were countered by a weak market outlook from OPEC in 2020. Read more...
11 Jul Core Consumer Inflation Tops Projections in Broad Gain A key measure of U.S. consumer prices rose more than forecast in June, potentially complicating the Federal Reserve’s assessment of inflation as policy makers weigh an interest-rate cut as soon as this month. Read more...
11 Jul Amazon Commits $700 Million to Retrain Workers in New Skills Amazon.com Inc. said it will spend $700 million to retrain about one-third of its U.S. workforce in skills needed to thrive in the new economy. Read more...
11 Jul Amazon Back on Cusp of $1 Trillion Value After 7-Day Streak Amazon.com Inc. is flirting with a $1 trillion valuation again after posting its longest winning streak since briefly surpassing that level in September. Read more...
11 Jul Jobless Claims Decline to Lowest Level Since Mid-April Filings for U.S. unemployment benefits declined to a 12-week low, underscoring the Federal Reserve’s view that a robust labor market is underpinning economic expansion. Read more...
10 Jul Senators Aim to Produce Five-Year Highway Bill Before August Recess WASHINGTON — The first version of what could become the country’s next major highway policy bill will be unveiled in the Senate prior to Congress’ recess in August, surface transportation policymakers announced July 10. Read more...
10 Jul QuikQ Gains Investments From Love’s, TA QuikQ, a provider of fuel payment solutions, announced Love’s Travel Stops and TravelCenters of America each has invested in the company, with TA providing about $20 million. The Love’s amount was not disclosed. Read more...
10 Jul Two Years After Amazon Deal, Whole Foods Is Just $10 Cheaper Amazon.com’s $13.7 billion purchase of Whole Foods Market spawned endless speculation about how the internet giant would change the upscale grocer. Two years later, we’ve got an answer: Ten bucks. Read more...
10 Jul NTTC Driver of the Year Represents Strong Women in Trucking After 34 years behind the wheel and more than 1.7 million safe-driving miles, Barb Herman, driver for K-Limited Carriers out of Toledo, Ohio, has proved that women do drive — and do it well. Read more...