29 Apr Elon Musk Presses for US to Reopen Ahead of Tesla Earnings Report Tesla Inc. shares have soared in spite of production shutdowns, likely demand disruptions and uncertainty about how soon the electric-car maker can restore more-normal operations. Read more...
29 Apr Boeing to Cut Output, Thousands of Jobs on Vanishing Demand Boeing Co. unveiled deep cuts to jobs and production as the manufacturer rushes to adapt to a shrinking market for jetliners after the worst downturn in aviation history. Read more...
29 Apr March Used Truck Prices Continue 2020 Slide Class 8 used truck sales in March slipped 12%, and the average price dropped about $7,000 compared with a year earlier, ACT Research reported. Read more...
29 Apr Ford, Rivian Put Plans for Electric Lincoln on Back Burner Ford and Rivian put their plans on ice to jointly develop a Lincoln-brand electric vehicle, a Lincoln spokeswoman confirmed April 28. Read more...
29 Apr US Economy Shrinks at 4.8% Pace, Signaling Start of Recession The record-long U.S. economic expansion is over after almost 11 years, with what’s likely to be the deepest recession in at least eight decades now underway. Read more...
28 Apr UPS Q1 Revenue Rises, Net Income Dips UPS Inc. on April 28 reported an increase in first-quarter revenue but said the COVID-19 pandemic caused a shift in its business mix that affected its bottom line result. Read more...
28 Apr Self-Driving Startups Work Through Health Crisis Just like the rest of the industry, trucking companies working to commercialize autonomous heavy-duty trucks are adapting to the uncertainties and disruptions caused by the coronavirus. Read more...
28 Apr Trump to Sign Order to Keep Meat Processing Plants Open President Donald Trump will sign an executive order April 28 meant to stave off a shortage of chicken, pork and other meat on American supermarket shelves because of the coronavirus. Read more...
28 Apr Truckstop.com Taps Brad Bedoe to Be Chief Marketing Officer Truckstop.com hired Brad Bedoe to fill the newly created position of chief marketing officer, the company announced April 28. Read more...
28 Apr Excise Tax Relief Would Benefit Trucking, ATA’s Chris Spear Says Federal policymakers crafting additional ways to restore economic stability amid the COVID-19 pandemic should consider suspending a World War I-era federal excise tax on the sale of new trucks and trailers, a coalition of freight stakeholders said April 28. Read more...