10 Aug USPS Overhaul Challenged by Democrats The U.S. Postal Service overhauled its organizational structure, as Democrats called for an investigation into whether the changes implemented by President Donald Trump’s postmaster general pose a threat to mail-in ballots for the November election. Read more...
08 Aug Trump Allows Some Unemployment Pay, Defers Payroll Tax BEDMINSTER, N.J. — Seizing the power of his podium and his pen, President Donald Trump on Aug. 8 moved to bypass the nation’s elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed. Read more...
07 Aug Ringleader Pleads Guilty in Connection With Staged La. Accidents The ringleader of a New Orleans-area group that staged accidents with unsuspecting tractor-trailer drivers has pleaded guilty for his role in the conspiracy. Read more...
07 Aug Americold Posts Q2 Gains in Earnings, Revenue Americold Realty Trust reported improved net income and revenue for the second quarter. Read more...
07 Aug XPO Connect Adds Functions Inspired by COVID-19 Trends XPO Logistics added last-mile capabilities to its digital freight platform in response to consumer trends since the coronavirus pandemic began, the company said Aug. 5. Read more...
07 Aug Mnuchin Says Trump to Take Executive Action as Stimulus Talks Stall Treasury Secretary Steven Mnuchin said he’ll recommend President Donald Trump move ahead with executive action on unemployment aid, evictions and student loans after another round of negotiations with Democrats on a virus relief plan ended without any agreement. Read more...
07 Aug Allison Earnings, Revenue Fall Amid Pandemic Disruptions Allison Transmission Holdings Inc. reported second-quarter net income and revenue were sharply lower after the novel coronavirus pandemic upended supply chains and demand. Read more...
07 Aug USPS Loses $2.2 Billion in 3 Months as Virus Woes Persist The U.S. Postal Service says it lost $2.2 billion in the three months that ended in June as the beleaguered agency — hit hard by the coronavirus pandemic — piles up financial losses that officials warn could top $20 billion over two years. Read more...
07 Aug House Passes Fiscal 2021 Transportation Funding Bill A package of fiscal 2021 appropriations bills that included the Transportation, and Housing and Urban Development, and Related Agencies measure recently passed the U.S. House of Representatives. Read more...
07 Aug UPS to Levy Holiday Surcharges as Home Deliveries Climb United Parcel Service Inc. will apply hefty surcharges on its biggest customers during the holiday peak season to help manage an avalanche of residential deliveries spurred by the coronavirus pandemic. Read more...