15 Jun Truckers Praised for Contributions to Country’s Economy Transportation Secretary Elaine Chao says truckers continue to serve on the front line in the battle against the COVID-19 pandemic even as more of the economy is beginning to reopen. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
15 Jun Fed Will Begin Buying Broad Portfolio of Corporate Bonds The Federal Reserve said June 15 that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds. Read more...
15 Jun Driverless Car Industry Gets a Nudge on Standards, Transparency Hundreds of driverless cars have been tested in locations across the U.S. in recent years, but standards are inconsistent and in a handful of cases there have been accidents and even a death. Read more...
15 Jun Crossword Puzzle Solution for June 15, 2020 Here's the solution to the crossword puzzle found in the June 15, 2020 print edition. Read more...
15 Jun Amazon Tells Congress Bezos Will Testify in Tech Power Probe Amazon.com Inc. told congressional investigators examining the market power of the largest technology companies that it would make CEO Jeff Bezos available to testify. Read more...
15 Jun Is Tesla Bigger Than Toyota? It’s Complicated Many investors, including those using financial data terminals such as Bloomberg’s, were seeing something very different — that Tesla still had to gain more than $25 billion in market value to surpass Toyota. Read more...
15 Jun Shopify Advances After Deal With Walmart Expands Reach Walmart Inc. has partnered with e-commerce giant Shopify Inc. to expand its third-party marketplace site and grab more of the pandemic-fueled surge in online shopping. Shares of the Canadian technology company rose June 15. Read more...
15 Jun KLLM Adds Intermodal Containers With Vector 1550 Refrigeration Units KLLM Transport Services has added 610 domestic intermodal refrigerated containers that use Carrier Transicold’s thin-profile Vector 1550 refrigeration systems. Read more...
15 Jun Fears of Second Virus Wave Fizzle Oil Market Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery. Read more...
15 Jun Industry Trends, Driver Preference Pave Way for Hub-to-Hub Routes Some motor carrier executives, freight brokerages and others in the industry are using hub-to-hub business models that address the problems of driver turnover, deadhead miles and long waits at loading docks by reshaping how cargo is shipped. Read more...