Business

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Sept. 22 that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed.

C.H. Robinson on Sept. 22 launched a tool intended to expand the ways in which shippers can analyze and buy freight lanes.

UPS Inc. has requested reconsideration of the Federal Motor Carrier Safety Administration’s denial of its 2019 request for an exemption from a requirement that its driver training instructors have two years’ minimum experience as trainers.

Truck tonnage in August declined a seasonally adjusted 8.9% when compared with year-ago levels, marking the fifth consecutive year-over-year decline, American Trucking Associations said.

Walmart Inc. will test using drones to drop COVID-19 diagnostic kits at customers’ homes, the retailer’s latest move in the pandemic-fueled arena of contactless deliveries.

Elon Musk tempered expectations for Tesla Inc.’s long-awaited battery day by cautioning that the company will unveil something that won’t be widely produced for two years.

Tropical Storm Beta is flooding Houston as it slows to a crawl along the Gulf Coast, forcing highways to shut and threatening to boost water levels even more before meandering toward Louisiana.

Paccar announced a collaboration with Faith Technologies and Schneider Electric to provide charging infrastructure for customers who purchase battery-electric models from Kenworth and Peterbilt in the United States and Canada.

Volvo Trucks North America announced diversified carrier NFI is the latest fleet to demonstrate two Volvo VNR Electric trucks as part of the Volvo LIGHTS project.

Dana Inc. announced its latest push for a larger presence in global e-propulsion systems by expanding production of its TM4 low- to high-voltage electric motors, inverters and vehicle control units to India.