Dana Reports Q2 Net Loss, Steep Drop in Revenue
Dana Inc. reported a net loss and sharp decline in revenue in the second quarter as its global business segments adjusted to unprecedented conditions in the midst of the novel coronavirus pandemic.
July 30, 2020Walmart Is Eliminating Hundreds of Corporate Jobs
Walmart Inc. has eliminated hundreds of corporate positions, according to people familiar with the matter, as retailers around the country slim down at the back-office level.
July 30, 2020Ryder Steps in as Amazon Restricts Third-Party Sellers
Ryder System Inc. is positioning itself to fill a major void left by Amazon.com Inc. after the online retail giant announced it will restrict warehouse space for third-party sellers.
July 30, 2020US Economy Shrank at Record-Breaking 33% Rate Last Quarter
The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said July 30.
July 30, 2020Werner Reports Q2 Revenue of $569 Million
Werner Enterprises reported declines in second-quarter revenue and net income during what the company’s leader said was one of the toughest business environments it has ever confronted.
July 30, 2020House Lawmakers Examine FEMA’s Disaster Response Policies
The COVID-19 pandemic prompted several congressional transportation leaders to examine the Federal Emergency Management Agency’s ability to assist citizens during events that impede access to freight and passenger corridors.
July 30, 2020FBI Warns Truckers That Hackers Could Target ELD Data
The FBI issued a cautionary notice warning truckers that cyber criminals could target electronic logging device vulnerabilities as a means of seizing business information, but industry experts note that hackers have as yet not found a way to crack into ELD data.
July 30, 2020ArcBest Reports Lower Q2, Midyear Earnings Because of COVID-19
ArcBest turned a second-quarter profit, albeit considerably lower than the year-ago level because of the COVID-19 pandemic, the Fort Smith, Ark., carrier announced July 29.
July 29, 2020Ryder Posts Q2 Net Loss, Revenue Decline
A net loss and a drop-off in revenue marked Ryder System Inc.’s second-quarter results.
July 29, 2020Oil Edges Up After US Crude Supplies Shrink Most This Year
Oil was propped up by the biggest decline in U.S. crude inventories this year, signaling a bright spot in a market weakened by COVID-19.
July 29, 2020