13 May Tesla Operations Can Resume in California if Conditions Are Met Alameda County officials said May 12 they have agreed to allow Tesla to reopen as early as next week if the auto manufacturer agrees to certain safety conditions. Read more...
13 May Uber’s Bid to Acquire Grubhub Draws Rebukes Uber Technologies Inc.’s offer to buy Grubhub Inc. antagonized officials in Washington and major U.S. cities, who already were taking steps to limit the fees companies charge restaurants and regulate their treatment of workers. If a deal between the companies proceeds, analysts said it is likely to face antitrust scrutiny. Read more...
13 May Powell Warns of Possible Sustained Recession From Pandemic Federal Reserve Chair Jerome Powell warned May 13 of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. Read more...
13 May Circle Logistics Starts Bulk Division Focused on Ethanol Freight broker Circle Logistics, which saw its business impacted by automakers' shutdown due to the coronavirus crisis, countered the stress by creating a bulk division to deliver tankers of ethanol, the key ingredient in hand sanitizer. Read more...
13 May Amazon Says Deliveries Returning to Normal After COVID-19 Crush Amazon .com Inc. says the one- and two-day delivery times that shoppers have come to expect should gradually return in coming weeks as the online retailer catches up from a demand surge tied to the coronavirus outbreak. Read more...
12 May CVSA’s 2020 Operation Safe Driver Week to Go On as Scheduled July 12-18 The Commercial Vehicle Safety Alliance’s 2020 Operation Safe Driver Week will go on as scheduled July 12-18, the trade association representing roadside inspectors announced May 12. Read more...
12 May XPO’s Brad Jacobs Says Company Open to Future Acquisitions With at least $2 billion in cash, and $500 million in credit available, XPO Logistics Chairman and CEO Brad Jacobs says he would consider an acquisition if the company was a good fit. Read more...
12 May Alameda County Orders Tesla’s Fremont Plant to Stop Production Alameda County officials sent a letter to a top Tesla safety employee May 11 ordering the company to cease manufacturing at its Fremont, Calif., plant, the strongest step local government has taken to check the electric car maker’s defiance of health orders. Read more...
12 May Democrats’ $3 Trillion New Virus Bill Aids States, Essential Workers House Speaker Nancy Pelosi unveiled a more than $3 trillion coronavirus aid package May 12, providing nearly $1 trillion for states and cities, “hazard pay” for essential workers and a new round of cash payments to individuals. Read more...
12 May US Meat’s Run of Growth to End in Pandemic Meat-processing disruptions in America are set to strip billions of pounds of production, snapping a yearslong run of growth in the industry, according to the U.S. Department of Agriculture. Read more...