15 Jul Oil Jumps After Trump Leans Against Further Chinese Sanctions Oil jumped to a four-month high after President Donald Trump indicated that he doesn’t want to add more sanctions against Chinese officials for now in a move to diffuse tensions with Beijing. Read more...
15 Jul C.H. Robinson, Microsoft Forge Alliance to Enhance Supply Chain Monitoring C.H. Robinson and Microsoft Corp. have aligned with the goal of digitally transforming supply chains to improve monitoring, the trucking company announced July 14. Read more...
15 Jul Economic Recovery Threatened by COVID-19 Resurgence, Experts Say The U.S. economy, which had begun to improve, is now in jeopardy of stalling amid rising cases of COVID-19 infections. Read more...
15 Jul Texas County Gives Thumbs Up to Tesla Factory Tax Break The prospect of a Tesla Inc. factory in the Austin, Texas, area has moved a big step closer to reality, after Travis County commissioners on July 14 approved tax breaks the electric vehicle maker requested. Read more...
15 Jul Extension of Airline Payroll Aid Sought by Unions, Lawmakers A bipartisan group of House lawmakers along with airline unions are calling for an extension of federal aid to prevent an expected wave of layoffs starting in October. Read more...
15 Jul Navistar, TuSimple Partner to Launch Self-Driving Trucks in 2024 Truck and engine maker Navistar International Corp., and TuSimple, a global self-driving technology company, announced July 15 a strategic partnership to co-develop SAE Level 4 self-driving trucks targeted for production by 2024. Read more...
15 Jul Tesla Shares Take a Breather After Historic Run After a torrid rally that saw shares more than double since early May, Tesla Inc. is taking a pause on July 15, even as the broader market rises on the hopes for a coronavirus vaccine. Read more...
15 Jul Medium-Duty Sales in June Slide 18.8% U.S. retail sales of Classes 4-7 medium-duty trucks in June dropped 18.8% to just under 18,000 units, WardsAuto.com reported. Read more...
15 Jul US Industrial Output Surges by Most Since 1959 on Reopening U.S. industrial production in June posted the largest monthly gain since 1959, indicating manufacturing is stirring to life after coronavirus-related shutdowns. Read more...
14 Jul House Panel OKs Fiscal 2021 Transportation Funding Bill Legislation that would increase funding for the Federal Motor Carrier Safety Administration was approved July 14 during a hearing of the House Appropriations Committee. Read more...