31 Jul Illinois Officials Announce $250 Million for Local Infrastructure Leading Illinois officials recently announced that $250 million in infrastructure grants will be dedicated to local government agencies. Read more...
31 Jul Oil Pares Monthly Gain With Global Supply Onslaught Looming Oil is set to eke out a monthly gain, yet futures lost steam on July 31 amid threats that the market will soon become oversupplied. Read more...
31 Jul US Incomes Fall in June as One-Time Stimulus Boost Fades U.S. incomes fell more than expected in June as the effects of the government’s one-time stimulus checks dissipated, though an increase in unemployment-insurance payments pointed to the importance of expiring federal relief. Read more...
31 Jul UPS Leaders Share Practices to Mobilize Against Human Trafficking Companies’ efforts to combat human trafficking should be rooted in education and the support of leadership teams, according to executives from UPS Inc. Read more...
31 Jul Amazon Plows Through Pandemic With Record Profit Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity. Read more...
30 Jul XPO Reports Net Loss in Q2; Revenue Slides XPO Logistics swung to a loss as revenue declined sharply in the second quarter because of the COVID-19 pandemic. Read more...
30 Jul Tech Leads Stock Rebound From Lows Amid Earnings Stocks pared losses as a rally in big technology companies tempered concern over a slow economic rebound. After the close of regular trading, Apple Inc., Amazon .com Inc., Alphabet Inc. and Facebook Inc. jumped as results crushed Wall Street estimates. Read more...
30 Jul Nikola’s Trevor Milton Says Future of Trucking Is Hydrogen-Based Nikola Corp. founder and Executive Chairman Trevor Milton believes the hydrogen fuel cell technology that powers his company’s trucks can place Nikola at the forefront of global efforts to toughen clean-air rules while also providing a truck that meets the needs of commercial fleets. Read more...
30 Jul Year-Over-Year Average Price for Used Class 8 Trucks Drops Again The year-over-year average price of a used Class 8 vehicle in June declined for the 14th consecutive month. Read more...
30 Jul Q2 GDP Drops a Record 32.9%, but Trucking Holding Steady The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations. Read more...