American, United to Lay Off 32,000 as Aid Talks Drag On
American Airlines Group Inc. and United Airlines Holdings Inc. will start laying off thousands of employees as scheduled, spurning Treasury Secretary Steven Mnuchin’s appeal for a delay as he negotiates with Congress over an economic relief plan that includes payroll support for U.S. carriers.
October 1, 2020US Layoffs Remain Elevated as 837,000 Seek Jobless Aid
The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
October 1, 2020Tech Investments Prove Vital During Pandemic, McLeod Says
Trucking and logistics companies that have been investing in technology to improve their operations also have been well-positioned to handle the disruption caused by the ongoing coronavirus pandemic, McLeod Software’s CEO said.
October 1, 2020Mnuchin Says There Is Still No Agreement on Fiscal Stimulus
U.S. Treasury Secretary Steven Mnuchin said there’s still no agreement on a fresh fiscal stimulus package after he met for about 90 minutes with House Speaker Nancy Pelosi.
September 30, 2020US Automakers Dig Out of Pandemic Hole as Prices Soar
Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic.
September 30, 2020Biden Emphasizes Infrastructure Resilience, Electrification in Debate
Under his administration the highways of tomorrow would consist of thousands of charging stations for fleets of electric vehicles, former Vice President Joe Biden insisted during his first debate with incumbent President Donald Trump.
September 30, 2020Boeing Tempers Hoopla on Max’s Return After Crisis ‘Dug a Hole’
Boeing Co. is plotting a low-key comeback for the 737 Max, the grounded jetliner that has spent almost two years engulfed in controversy and tragedy after two fatal crashes, said people familiar with the matter.
September 30, 2020Knight-Swift Sets Goal to Cut Emissions in Half by 2035
Knight-Swift Transportation Holdings Inc., North America’s largest truckload carrier, announced a goal to cut its carbon emissions in half by 2035.
September 30, 2020Airlines Near 50,000 Job Cuts as American, United Feel Squeeze
U.S. airlines are preparing to lay off tens of thousands of workers starting Oct. 1 unless they get additional federal aid, sparking a plea from Treasury Secretary Steven Mnuchin to hold off on the cuts amid signs of progress in talks with Congress.
September 30, 2020TuSimple Hires Former FMCSA Official Jim Mullen
Jim Mullen, former acting administrator of the Federal Motor Carrier Safety Administration, has taken a position at TuSimple, a company that specializes in autonomous driving technology for trucks.
September 30, 2020