Insurers Return Money to Customers During Driving Slump
Auto insurers Allstate Corp. and American Family Insurance are returning some money to customers as widespread shutdowns across the U.S. from the coronavirus cut down on driving.
Warren Buffett’s Geico Joins Rivals in Tracking Drivers
Geico has launched a telematics offering, called DriveEasy, in certain states, Credit Suisse Group AG analyst Mike Zaremski said in a research note July 31. A phone app tracks driving habits and gives individuals a score and tips, according to Geico’s website.
Warren Buffett Reveals He Paid $2.786 Billion for Stake in Pilot Flying J
Warren Buffett said his Berkshire Hathaway Inc. made only one “sensible” stand-alone acquisition last year, and it didn’t do much for his growing pile of cash.
Marijuana on Store Shelves Creates Colorado Cargo-Hauling Niche
At a farm in the foothills of Colorado’s Rocky Mountains, Corey Young tucks his client’s marijuana into a shoe box-sized container in an unmarked white van and heads out on the road.
Trucking Firms With 35,000 Openings Seek Jobless Oil Workers
U.S. oil-company job cuts that cost machinery operator Drew Sanford his spot at Halliburton Co. are shaping up as a boon for truckers desperate for big-rig drivers.
Gridlock at West Coast Ports Boosts Airfreight
The shift of seaborne cargo to jets’ bellies shows how Asian airlines including ANA Holdings Inc. and Cathay Pacific Airways are benefiting from gridlock at ports in California and Washington state.
Plunge in Crude Price Threatens Orders for Rail Tank Cars
Add tank car makers to the list of U.S. industries bracing for the effects from the plunge in crude prices.