28 Jul Oil Falls With US Stockpile Concerns Amplifying Demand Woes Oil declined as investors turned their focus to domestic supply, with expectations for another build in U.S. stockpiles. Read more...
28 Jul DOT Unveils Applicant Toolkit for Rural Communities USDOT created a toolkit intended to help those interested in participating in the Rural Opportunities to Use Transportation for Economic Success program. Read more...
28 Jul Nikola to Launch New US Plant With Tre Cabover Model The battery-electric cabover Nikola Tre model will be the first Class 8 off the assembly line at Nikola's manufacturing facility in Coolidge, Ariz. Read more...
28 Jul Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios. Read more...
28 Jul US Consumer Confidence Fell in July as Expectations Slumped U.S. consumer confidence declined in July by more than forecast as a pickup in COVID-19 cases rattled Americans’ sentiment about prospects for the economy and the job market. Read more...
27 Jul USA Truck Reports Q2 Revenue of $123.7 Million USA Truck saw second-quarter revenue and net income decrease compared with the prior year, the company reported July 27. Read more...
27 Jul Diesel Dips for Second Consecutive Week Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27. Read more...
27 Jul Forward Air Invests $40 Million in Columbus Hub Expansion Forward Air Corp. is expanding the capacity of its national hub in Columbus, Ohio, by approximately 30%, the company announced July 27. Read more...
27 Jul Wall Street Returns to Rally; Gold Jumps to Record High Wall Street’s rally got back on track July 27, while gold rushed to a record at the start of a week packed with potentially market-moving events. Read more...
27 Jul New Prime Agrees to $28 Million Settlement in Contractor Dispute Attorneys for New Prime Inc. and a potential class of 40,000 mostly independent owner-operators have agreed to settle two lawsuits, awarding the truck drivers a total of $28 million in back compensation and damages. Read more...