17 Apr Uber Withdraws Forecast, Will Write Down About $2 Billion Uber Technologies Inc. withdrew its financial guidance for 2020 and said it will write down about $2 billion in investments after the coronavirus pandemic upended the ride-hailing business. Read more...
17 Apr TravelCenters of America Announces 3,000 Furloughs TravelCenters of America Inc. announced it will furlough 2,900 field employees and 122 corporate employees in an effort to maintain its long-term success. Read more...
17 Apr TireHub Relocates Two Texas Facilities TireHub relocated two Texas logistics centers to provide expanded services and greater inventory, the company announced April 15. Read more...
17 Apr The Global Airline Shutdown Has a Surprise Victim: Gold Miners The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty — gold miners looking to transport their metal to refineries. Read more...
17 Apr Autonomous-Driving Startup Pony.ai Takes on Last-Mile Delivery With autonomous-vehicle companies parked by COVID-19, Pony.ai has teamed up with Los Angeles-based e-commerce site Yamibuy to deliver packages and groceries in the city of Irvine, Calif. Read more...
16 Apr J.B. Hunt Reports Mixed Results for Q1 Truckload carrier J.B. Hunt Transport Services Inc. reported lower first-quarter net income on increased operating revenue on April 14. Read more...
16 Apr Trump Unveils Phased Approach to Reopening Economy New White House guidelines outline a phased approach to restoring normal commerce and services, but only for places with strong testing and seeing a decrease in COVID-19 cases. Read more...
16 Apr Food Makers See Issues Now that Panic Buying Has Waned Some of America’s largest food companies are finally feeling the pinch with restaurants across the U.S. remaining closed for weeks as a result of the coronavirus pandemic. Read more...
16 Apr Montana Judge Blocks Keystone XL Permit for River Crossings TC Energy Corp.’s Keystone XL oil-sands pipeline was dealt a setback with a judge’s ruling that the U.S. Army Corps of Engineers improperly approved a streamlined permit process without fully evaluating the impact on endangered species. Read more...
16 Apr Fuel Cell Experts Argue for Cleaner Commercial Trucks The trucking industry needs to continue adopting electric technologies such as fuel cells in order to combat pollution, experts said April 14. Read more...