15 Jun Amazon Tells Congress Bezos Will Testify in Tech Power Probe Amazon.com Inc. told congressional investigators examining the market power of the largest technology companies that it would make CEO Jeff Bezos available to testify. Read more...
15 Jun Is Tesla Bigger Than Toyota? It’s Complicated Many investors, including those using financial data terminals such as Bloomberg’s, were seeing something very different — that Tesla still had to gain more than $25 billion in market value to surpass Toyota. Read more...
15 Jun Shopify Advances After Deal With Walmart Expands Reach Walmart Inc. has partnered with e-commerce giant Shopify Inc. to expand its third-party marketplace site and grab more of the pandemic-fueled surge in online shopping. Shares of the Canadian technology company rose June 15. Read more...
15 Jun KLLM Adds Intermodal Containers With Vector 1550 Refrigeration Units KLLM Transport Services has added 610 domestic intermodal refrigerated containers that use Carrier Transicold’s thin-profile Vector 1550 refrigeration systems. Read more...
15 Jun Fears of Second Virus Wave Fizzle Oil Market Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery. Read more...
15 Jun Industry Trends, Driver Preference Pave Way for Hub-to-Hub Routes Some motor carrier executives, freight brokerages and others in the industry are using hub-to-hub business models that address the problems of driver turnover, deadhead miles and long waits at loading docks by reshaping how cargo is shipped. Read more...
15 Jun Perspective: Federal Excise Tax Relief Can Aid Recovery The coronavirus pandemic has changed the world. In the United States it altered the way our country operates and wreaked havoc on American businesses, but leaders in Washington responded with actions that helped mitigate the damage. I applaud these efforts and am confident that our economy will bounce back. But the work is not done. Read more...
12 Jun Marijuana Accounts for Most Failed Drug Tests, Clearinghouse Report Shows More than 10,000 positive drug tests for marijuana were reported to the federal Drug & Alcohol Clearinghouse through the end of May this year, distinguishing pot by far as the banned drug of choice for truck drivers failing tests, according to new numbers released in a Clearinghouse report June 11. Read more...
12 Jun Texas Oil-Export Terminals Start Up Even as Shipments Tumble Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude. Read more...
12 Jun Medium-Duty Sales Tumble 33% in May U.S. retail sales of medium-duty trucks fell across the board in May, landing below 15,000, WardsAuto.com reported. Read more...