01 Oct US Layoffs Remain Elevated as 837,000 Seek Jobless Aid The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. Read more...
01 Oct Tech Investments Prove Vital During Pandemic, McLeod Says Trucking and logistics companies that have been investing in technology to improve their operations also have been well-positioned to handle the disruption caused by the ongoing coronavirus pandemic, McLeod Software’s CEO said. Read more...
30 Sep Mnuchin Says There Is Still No Agreement on Fiscal Stimulus U.S. Treasury Secretary Steven Mnuchin said there’s still no agreement on a fresh fiscal stimulus package after he met for about 90 minutes with House Speaker Nancy Pelosi. Read more...
30 Sep US Automakers Dig Out of Pandemic Hole as Prices Soar Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic. Read more...
30 Sep Biden Emphasizes Infrastructure Resilience, Electrification in Debate Under his administration the highways of tomorrow would consist of thousands of charging stations for fleets of electric vehicles, former Vice President Joe Biden insisted during his first debate with incumbent President Donald Trump. Read more...
30 Sep Boeing Tempers Hoopla on Max’s Return After Crisis ‘Dug a Hole’ Boeing Co. is plotting a low-key comeback for the 737 Max, the grounded jetliner that has spent almost two years engulfed in controversy and tragedy after two fatal crashes, said people familiar with the matter. Read more...
30 Sep Knight-Swift Sets Goal to Cut Emissions in Half by 2035 Knight-Swift Transportation Holdings Inc., North America’s largest truckload carrier, announced a goal to cut its carbon emissions in half by 2035. Read more...
30 Sep Airlines Near 50,000 Job Cuts as American, United Feel Squeeze U.S. airlines are preparing to lay off tens of thousands of workers starting Oct. 1 unless they get additional federal aid, sparking a plea from Treasury Secretary Steven Mnuchin to hold off on the cuts amid signs of progress in talks with Congress. Read more...
30 Sep TuSimple Hires Former FMCSA Official Jim Mullen Jim Mullen, former acting administrator of the Federal Motor Carrier Safety Administration, has taken a position at TuSimple, a company that specializes in autonomous driving technology for trucks. Read more...
30 Sep US Senate Advances Spending Bill to Avert Oct. 1 Shutdown The Senate on Sept. 29 voted 82-6 to clear a procedural vote on the stopgap spending bill needed to prevent an Oct. 1 shutdown of the federal government. Read more...