18 May US Trailer Orders Hit 30-Year Low in April U.S. trailer orders in April fell to a 30-year low amid severe recessionary pressures, FTR reported. Read more...
18 May FedEx, Microsoft Join Forces for Package Shipping FedEx Corp. and Microsoft Corp. are teaming up to provide commercial shipping customers with early warnings of delays from weather, traffic and other mishaps, giving the courier and the software maker another weapon as each competes with Amazon .com Inc. Read more...
18 May Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry. Read more...
15 May Stocks Rise With Weak Data Set Aside; Oil Jumps U.S. stocks rose as traders looked past trade jitters and weak economic data. Treasuries fell. Oil jumped. Read more...
15 May Slump at US Ports Continues in April The slump at the nation’s ports continued in April as 20-foot-equivalent container (TEU) volumes were down, in some cases by double digits when compared with 2019. Read more...
15 May California Agency Approves $17.4 Billion for Highway Projects The California Transportation Commission recently approved $17.4 billion to support about 900 projects outlined in the State Highway Operation and Protection Program. Read more...
15 May Palmer Trucks Adds Indiana Dealership Palmer Trucks announced its dealership in Louisville, Ky., was scheduled to open a new Kenworth Truck Co. parts and service dealership in Sellersburg, Ind., with limited services May 18 and with tentative plans to offer full service beginning June 1. Read more...
15 May Daimler Halts SUV Production at US Plant Over Mexico Parts Delays Daimler AG is suspending production at a Mercedes-Benz SUV plant that was one of the first in the U.S. to reopen due to a shortage of parts supplied from Mexico. Read more...
15 May Autoworkers’ Tenuous Return a Ray of Hope in Jobs Crisis Defying a wave of layoffs that has sent the U.S. job market into its worst catastrophe on record, at least one major industry is making a comeback: Tens of thousands of autoworkers are returning to factories that have been shuttered since mid-March due to fears of spreading the coronavirus. Read more...
15 May Oil Trades Near Six-Week High on Supply Cuts, Demand Recovery Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering. Read more...