30 Apr VW’s Diesel Woes Mount as EU Court Adviser Attacks Defeat Device Volkswagen AG’s use of technology that helped it to cheat on diesel engine pollution tests violated European Union rules, an EU legal adviser warned in the second setback for the automaker at the bloc’s highest court this month. Read more...
30 Apr 30 Million Have Sought Unemployment Aid Since Virus Hit More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s. Read more...
29 Apr Trump Shines Spotlight on Infrastructure Amid Uncertain Legislative Agenda President Donald Trump continues to press lawmakers to take up an infrastructure funding package as part of ongoing COVID-19 relief efforts. Read more...
29 Apr C.H. Robinson Q1 Profits Fall, Revenue Rises C.H. Robinson Worldwide’s first-quarter profit declined by more than half as pricing pressure impacted revenue for its truckload operations. Read more...
29 Apr Saia Sets Records for Revenue, Operating Income in Q1 Saia Inc. reported record operating income and revenue for the first quarter but saw business take a downturn late in the period. Read more...
29 Apr Oil Climbs on Biggest Jump in US Gasoline Demand in 11 Months Oil rallied on optimism that consumption could gradually return as major producers continue to cut output to counter a global glut. Read more...
29 Apr Werner Enterprises Reports $592.7 Million Revenue for Q1 Werner Enterprises reported steady revenue but a decline in net income during the first quarter of 2020, and the company said it is positioning itself to navigate the freight environment going forward amid the COVID-19 pandemic. Read more...
29 Apr Daimler Profit Drops Amid Falling Demand Daimler AG reported net income plunged 92%, and revenue slipped 6% in the first quarter as a result of the novel coronavirus. Read more...
29 Apr Ryder Reports Q1 Net Loss Ryder System Inc. reported a net loss of just over $100 million in the first quarter and revenue slipped 1% as it adjusted to the impact of COVID-19 on the economy and its markets. Read more...
29 Apr Economy Shrinks 4.8% in Q1 as Result of Coronavirus The U.S. economy contracted by 4.8% on an annualized rate in the first quarter, according to the U.S. Commerce Department, which released the gross domestic product figures April 29. Read more...