09 Sep Navistar Reports Drop in Fiscal Q3 Earnings A near 50% decline in truck sales, caused by the impact of COVID-19 on the economy, resulted in Lisle, Ill.-based Navistar International Corp. reporting sharp losses in its fiscal third quarter. Read more...
09 Sep Oil Market Buckles Under Pressure of Pandemic’s Second Wave Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market. Read more...
09 Sep FedEx Prepares for Unprecedented Surge Ahead of Holidays FedEx Corp. is positioning itself for what it is predicting will be an unprecedented peak holiday shipping season, the company said Sept. 8. Read more...
09 Sep FHWA Announces Availability of Tribal Projects Grants The Federal Highway Administration announced the availability of $70 million through the Nationally Significant Federal Lands and Tribal Projects grant program Sept. 8. Read more...
09 Sep UPS Holiday Season Hiring Will Top 100,000 Amid E-Commerce Boom UPS Inc. said it will hire more than 100,000 seasonal workers to help handle an expected avalanche of holiday packages from online orders this year as shoppers avoid stores during the coronavirus pandemic. Read more...
09 Sep US Job Openings Increased in July by More Than Forecast U.S. job openings increased for a third straight month in July, consistent with a steady improvement in the labor market as the nation grinds its way forward from a pandemic-induced recession. Read more...
09 Sep Walmart Tests Drone Delivery Amid Escalating Competition With Amazon Walmart Inc. is entering the drone delivery wars, its latest move to counter Amazon.com Inc.’s dominance in e-commerce as more Americans choose to shop from home. Read more...
09 Sep Fortistar, Paloma Dairy Partner on RNG Production to Fuel Trucks Private investment firm Fortistar and large family-owned Paloma Dairy announced they are constructing a dairy digester facility to capture methane and produce renewable natural gas to fuel the Class 8 market, as well as for a public utility. Read more...
09 Sep Omnitracs to Acquire Onboard Video Firm SmartDrive Trucking technology supplier Omnitracs has agreed to acquire SmartDrive Systems, one of the transportation industry’s largest providers of onboard cameras and video-based safety systems. Read more...
08 Sep National Diesel Average Slips by 0.6¢ to $2.435 The national average price of diesel fell by six-tenths of a cent to $2.435 a gallon, according to the Energy Information Administration. The weekly report was released Sept. 8, a day later than usual because of the Labor Day holiday. Read more...