05 Feb Employers Add Just 49,000 Jobs as Unemployment Falls to 6.3% WASHINGTON — U.S. employers added just 49,000 jobs in January, a sign that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession. Read more...
05 Feb Trade Deficit Rises to $679 Billion, the Highest Since 2008 WASHINGTON — The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded President Donald Trump’s attempts to rebalance America’s trade with the rest of the world. Read more...
05 Feb Ford to Cut Back F-150 Production Due to Chip Shortage CHARLOTTE, N.C. — Ford Motor Co. said Feb. 4 that it will cut shifts at two of its U.S. manufacturing plants next week, due to the worldwide chip shortage that also has impacted other automakers. Read more...
04 Feb Werner Reports Net Income Increased 25% to $60.6M for Q4 Werner Enterprises Inc. saw fourth-quarter earnings increase from the year-ago period while revenue declined slightly, the company reported Feb. 4. Read more...
04 Feb Cummins Posts Higher Q4 Earnings, Revenue Cummins Inc. reported higher earnings and revenue in the fourth quarter amid gains in both its engines and components business segments in China and India. Read more...
04 Feb DeFazio to Transportation Workers: Help Is on the Way Peter DeFazio, the top transportation policymaker in the House of Representatives, insisted help is coming for commercial supply chains, and commuter sectors vulnerable to the coronavirus. Read more...
04 Feb Chinese Package-Delivery Firm SF Holding Eyes Stake in Kerry Logistics SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said. Read more...
04 Feb Old Dominion Posts Q4 Gains in Earnings, Revenue Old Dominion Freight Line reported gains in fourth-quarter profit and revenue and, despite the COVID-19 pandemic, finished 2020 with a rise in net income. Read more...
04 Feb Automakers Push for Congressional Movement on AV Rules A group of nearly four-dozen automakers, industry advocacy groups and corporations sent a letter to Congressional leaders Feb. 3 urging action on legislation that would allow for greater deployment of autonomous vehicles. Read more...
04 Feb Class 8 Orders in January Clear 40,000 North American Class 8 orders kicked off the year by reaching 42,200 in January, up 146% from a year earlier when they were 17,204, ACT Research reported, citing truck makers’ initial data. Read more...