26 Aug Ports Say Business Beginning to Recover The nation’s ports are seeing some improvement in business even as the U.S. economy continues to struggle amid the COVID-19 pandemic. Read more...
26 Aug Walmart Cuts 230 Million Tons of Emissions, With Supplier Help Walmart Inc. has cut 230 million metric tons of greenhouse gases out of its supply chain in the past three years, putting the world’s largest retailer on track to achieve its 2030 emissions goal. Read more...
26 Aug Tesla Touches $400 Billion After Latest Boost From Street Wall Street’s optimistic view on Tesla Inc. further solidified Aug. 26 after a Jefferies analyst more than doubled his price target on the stock, saying the company will continue to broaden its competitive edge in multiple dimensions, including battery capacity and industrial efficiency. Read more...
26 Aug Contract Rates Nearing Possible Jump Amid Rising Spot Prices The trucking industry could soon see a jump in contract rates if the current environment holds steady, experts said. Read more...
26 Aug White House Weighs Airline Job Support in Case Stimulus Fails White House Chief of Staff Mark Meadows said the Trump administration is examining executive actions to help airlines avoid employee furloughs should Congress fail to provide assistance in a new round of stimulus. Read more...
26 Aug Roadrunner Completes Strategic Transformation, Focuses on LTL Business Roadrunner Transportation Systems said it consists solely of its less-than-truckload operations, having finished its multiyear restructuring plan earlier this year. Read more...
26 Aug Ohio Trucker Touts Trump’s Handling of Lordstown in RNC Video CLEVELAND — Youngstown, Ohio, trucker Geno DiFabio received prime time billing at this week’s Republican National Convention, appearing in a video Aug. 25 with Vice President Mike Pence praising President Donald Trump’s handling of the Lordstown General Motors assembly plant closure. Read more...
26 Aug Schneider to Test Freightliner eCascadia Through 2021 Schneider said it will test the Freightliner eCascadia through 2021 to address potential challenges to widespread use of commercial battery-electric vehicles. Read more...
26 Aug USPS Fights State Demands for Evidence on Mailboxes, Machines The Trump administration is pushing back on demands for evidence sought by 14 states that sued over operational changes at the U.S. Postal Service they say could hobble mail-in balloting ahead of November’s election. Read more...
26 Aug Fed Seen Holding Rates at Zero for Five Years in New Policy The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy. Read more...