08 May Jobless Rate Triples to 14.7% in Sharpest Labor Downturn In the harshest downturn for American workers in history, employers cut an unprecedented 20.5 million jobs in April and the unemployment rate more than tripled to 14.7%. Read more...
07 May Former XPO Executive to Become Next Postmaster General A Republican fundraiser and political donor from North Carolina who also worked as an executive at XPO Logistics will be the next postmaster general. Read more...
07 May Lawmakers Still Eyeing Highway Bill Despite Coronavirus Relief Efforts Legislators are keeping an eye on advancing a new highway policy measure as the federal response to the novel coronavirus dominates much of lawmakers’ time and attention. Read more...
07 May Oil Slips With Glut Concerns, Reversing Saudi Price Hike Boost Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike. Read more...
07 May Daseke Reports Revenue of $391 Million for Q1 Daseke Inc., the Addison, Texas-based flatbed transportation and logistics company, extended its losses in the first quarter as the rate environment softened. Read more...
07 May Industry Doubles Transportation Secretary Elaine Chao’s Call to Fight Trafficking The transportation industry has doubled Transportation Secretary Elaine Chao’s call to commit to practices that help combat human trafficking. Read more...
07 May Iowa Driver Among First in US to Use Technology for CDL Skills Test Lonnie Orr of Davenport, Iowa, was among the first drivers in the U.S. to take advantage of a federal emergency declaration allowing new drivers to maintain COVID-19 social distancing while having their driving abilities evaluated by a state examiner observing from a trailing vehicle. Read more...
07 May Tanker Truck Industry Faces Challenges as Fuel, Milk Deliveries Decline Tank truck carriers have been among the trucking industry’s hardest-hit segments during the COVID-19 pandemic. Read more...
07 May NHTSA Opts Not to Recall Takata Air Bag Inflators The U.S. government’s highway safety agency will not force automakers to recall millions of newer Takata air bag inflators, citing industry research that shows the devices are safe. Read more...
07 May Tesla Idles China Plant, Suspending Vehicle Output Worldwide Tesla Inc. suspended production at its plant on the outskirts of Shanghai, according to people familiar with the matter, bringing to a halt all of the company’s vehicle manufacturing globally. Read more...