Saia Posts Decrease in Q2 Profit, Revenue
Profit and revenue declined during the second quarter at Saia Inc. as the company dealt with the economic effects of the COVID-19 pandemic.
July 29, 2020Norfolk Southern Sees Lower Q2 Earnings Due to Pandemic
Norfolk Southern beat Wall Street’s expectations when the Class I railroad reported second-quarter earnings July 29.
July 29, 2020Fed Sees Dim Economic Outlook as Virus Squeezes Economy
WASHINGTON — The Federal Reserve expressed concern July 29 that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero.
July 29, 2020Wabash Records Net Loss, Sharply Lower Revenue in Q2
Wabash National Corp. reported a second-quarter net loss and a drop in revenue amid COVID-19’s harsh effect on the trucking industry.
July 29, 2020US Energy Use Hit 30-Year Low in Pandemic Shutdowns
BILLINGS, Mont. — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported July 29.
July 29, 2020U.S. Xpress Reports Profit, Revenue Gains for Q2
U.S. Xpress Enterprises’ net income and revenue increased during the second quarter, the Chattanooga, Tenn.-based carrier reported July 28.
July 29, 2020Wabash, eNow Unite to Produce Zero-Emission Trailer
Wabash National Corp. announced an exclusive agreement with eNow for its solar technology as the companies prepare to sell what they called the most eco-friendly refrigerated haul available on the market.
July 29, 2020Oil Clings to Gains After US Supplies Shrink by Most This Year
Oil was propped up by the biggest decline in U.S. crude stockpiles this year, signaling a bright spot in a market weakened by the COVID-19 pandemic.
July 29, 2020Trump Says Republicans, Democrats Far Apart in Stimulus Talks
President Donald Trump said that Republicans and Democrats aren’t close to resolving their differences over a coronavirus stimulus package, and that Congress may need to pass some stopgap measures to prevent aid from running out.
July 29, 2020USPS Grapples With Financial Crisis as Mail Delays Continue
Earlier this month, local letter carriers were told to delay delivering mail in order to save money for the United States Postal Service, a direction that apparently came from top federal officials to mail carriers throughout the country.
July 29, 2020