24 Jun IMF Downgrades Outlook for Global Economy in Face of Virus The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. Read more...
23 Jun Groups Seek Panel’s Action on FCC Transportation Spectrum Proposal Several transportation groups are calling on a Senate panel to direct the Federal Communications Commission to reconsider its proposal to shift a portion of auto safety airwaves for broadband uses. Read more...
23 Jun Discount Airline Group Presses for Extension of US Assistance Smaller U.S. airlines are likely to need more government aid amid an uncertain travel recovery, according to a trade group that represents discounters such as Spirit Airlines Inc., Frontier Airlines and Allegiant Travel Co. Read more...
23 Jun Small Businesses Mull Job Cuts After Aid Runs Out At least 1 in 10 small businesses in the U.S. are expecting to lay off workers once their fiscal relief funds run out, according to a new survey. Read more...
23 Jun Volvo Financial Services Names Patrick Shannon President of North America Region Volvo Financial Services, a unit of Volvo Group, appointed Patrick Shannon president of the company’s North America region. Read more...
23 Jun Thermo King Launches Advancer Series Thermo King announced the launch of the Advancer series, which it called “a re-imagining” of the trailer refrigeration unit. Read more...
23 Jun West Coast Utilities Offer Plan for Charging Stations Along Interstate 5 Several West Coast electric utilities proposed a phased-in approach to electrifying Interstate 5 in an effort to reduce commercial vehicle emissions along the major freight corridor. Read more...
23 Jun Tesla Pitches 5,000 ‘Middle-Skill’ Factory Jobs to Texas County Executives from Tesla Inc. will use an unassuming job-type description in their pitch to a Texas county on the merits of the carmaker’s Cybertruck plant project. Read more...
23 Jun May Tonnage Falls 9.6% Year-Over-Year Truck tonnage in May declined 9.6% compared with year-ago levels, the steepest seasonally adjusted year-over-year percentage drop since a 10.7% decline in June 2009, American Trucking Associations reported. Read more...
23 Jun Amazon’s Carbon Footprint Grows 15% Despite Green Pledges Amazon said June 23 that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment. Read more...