04 Aug Ford to Promote Farley to CEO After Hackett’s Failed Turnaround Bid Ford Motor Co. will promote Jim Farley to CEO on Oct. 1 to replace Jim Hackett, who has elected to retire after his three-year bid to turn around the automaker failed to gain traction. Read more...
03 Aug Average Price of Diesel Continues to Linger in $2.40s Diesel fell for the third consecutive week, by three-tenths of a cent to $2.424 a gallon. Read more...
03 Aug Oil Rises With Signs of Economic Recovery Buoying Demand Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand. Read more...
03 Aug HDMA President, COO Tim Kraus Plans to Retire Heavy Duty Manufacturers Association President Tim Kraus plans to retire early next year, the organization announced Aug. 3. Read more...
03 Aug Smithfield Goes On Defensive Over COVID-19 Response Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic. Read more...
03 Aug GM Alleges Fiat Chrysler Spent Millions to Bribe UAW Leaders General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union and GM officials. Read more...
03 Aug Senate Highway Policy Panel Examines Telework’s Potential Work from home? The Senate's highway policy committee sees the environmental benefits of it, even after the COVID-19 pandemic passes. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
03 Aug Patriot Transportation Posts Net Profit on Lower Revenue for Fiscal Q3 Patriot Transportation Holding posted an increase in net income on declining revenue for its fiscal third quarter, the company reported July 29. Read more...
03 Aug US Manufacturing Improves in July, According to ISM U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory. Read more...
03 Aug Virus Relief Bill Remains Up in Air as Negotiations Resume Slow, grinding negotiations on a huge COVID-19 relief bill are set to resume Aug. 3, but the path forward promises to be challenging and time is already growing short. Read more...