13 Jul Daimler May Need to Cut More Jobs Than Announced Daimler AG will need to cut more jobs than the 15,000 previously announced, the company’s head of human resources told German news agency DPA in an interview. Read more...
13 Jul Some Chinese Ports Are Jammed Again on Food Testing Intensive testing of meat, seafood and other products for the coronavirus has tripled customs clearance times at some major Chinese ports, raising concerns the delays could ensnare global trade flows. Read more...
10 Jul Volkswagen Management Tumult Spills Over to Truck Subsidiary Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the COVID-19 pandemic. Read more...
10 Jul Crude Oil Pares Weekly Decline on Optimism Over Virus Treatment Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market. Read more...
10 Jul Greenbrier CEO Will Remain in Position Until September 2022 The Greenbrier Companies Chairman and CEO Bill Furman has agreed to continue in his position for up to two more years as a result of the coronavirus pandemic. Read more...
10 Jul Kansas DOT Awards 22 Projects Through Cost Share Program Officials in Kansas recently announced 24 projects have been selected as part of the state Department of Transportation’s Cost Share Program, a popular initiative designed to provide funding for transportation projects. Read more...
10 Jul Trump Says Phase 2 China Trade Deal Unlikely at This Point President Donald Trump said a phase two trade deal with China isn’t under consideration, saying the relationship between Washington and Beijing has deteriorated too much. Read more...
10 Jul Wicker, Bennet Introduce Infrastructure Bonds Bill Legislation that would create certain “direct-pay” taxable municipal bonds as a way to finance public projects during the pandemic was recently introduced by two key senators. Read more...
10 Jul Mack, VTNA Extend Respective Uptime Services Support at No Cost Volvo Group’s commercial truck brands Mack Trucks and Volvo Trucks North America separately announced they extended their uptime services support bundle at no cost through the end of the year, or a minimum of three months, whichever is longer. Read more...
10 Jul Chevron, Clean Energy Partner on Adopt-a-Port Initiative to Reduce Emissions Chevron Corp. announced it is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with carbon-negative renewable natural gas to reduce emissions. Read more...