30 Jul UPS Reports Strong Q2 Earnings as Deliveries Surge UPS Inc. reported strong results in the second quarter, as a surge in deliveries to homes and businesses has helped lift the company through the COVID-19 pandemic. Read more...
30 Jul EPA’s National NOx Proposal Headed for Another Delay There is mounting evidence that the U.S. Environmental Protection Agency’s low oxides of nitrogen proposed rule, already months behind schedule, will not be completed until after the November elections, according to trucking industry and environmental group sources. Read more...
30 Jul GM Prodded to Catch Electric-Car Zeitgeist With Name Change General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something avant-garde. Read more...
30 Jul Meritor Posts Fiscal Q3 Loss, Steep Revenue Decline Meritor Inc. reported a net loss and a broad decline in revenue in its fiscal-year third quarter amid decreased customer demand. Read more...
30 Jul Dana Reports Q2 Net Loss, Steep Drop in Revenue Dana Inc. reported a net loss and sharp decline in revenue in the second quarter as its global business segments adjusted to unprecedented conditions in the midst of the novel coronavirus pandemic. Read more...
30 Jul Walmart Is Eliminating Hundreds of Corporate Jobs Walmart Inc. has eliminated hundreds of corporate positions, according to people familiar with the matter, as retailers around the country slim down at the back-office level. Read more...
30 Jul Ryder Steps in as Amazon Restricts Third-Party Sellers Ryder System Inc. is positioning itself to fill a major void left by Amazon.com Inc. after the online retail giant announced it will restrict warehouse space for third-party sellers. Read more...
30 Jul US Economy Shrank at Record-Breaking 33% Rate Last Quarter The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said July 30. Read more...
30 Jul Werner Reports Q2 Revenue of $569 Million Werner Enterprises reported declines in second-quarter revenue and net income during what the company’s leader said was one of the toughest business environments it has ever confronted. Read more...
30 Jul House Lawmakers Examine FEMA’s Disaster Response Policies The COVID-19 pandemic prompted several congressional transportation leaders to examine the Federal Emergency Management Agency’s ability to assist citizens during events that impede access to freight and passenger corridors. Read more...