Oil’s Recovery Capped by Stubborn US Crude Glut, Dour Demand
Oil’s recent rally has hit a ceiling, with U.S. crude inventories holding near a record high and gasoline demand still at the weakest seasonal level in more than 20 years.
July 8, 2020May Extends Slide in Used Class 8 Truck Prices
The year-over-year average price of a used Class 8 vehicle fell for the 13th consecutive month in May. Sales at retail outlets held up, while inventories headed down because there was no deluge of equipment flooding the market as a casualty of the COVID-19 pandemic, ACT Research reported.
July 8, 2020Tesla Pushes China’s EV Bubble Closer to Bursting
Tesla Inc.’s new Shanghai plant has churned out super-popular Model 3 electric sedans for the past six months, catapulting the company atop the sales chart and piling the pressure on cash-strapped local rivals. There was another casualty last week.
July 8, 2020Mexican President Lopez Obrador to Meet With Trump on USMCA
Mexican President Andres Manuel Lopez Obrador will on July 8 hold talks with his U.S. counterpart Donald Trump during a working visit aimed at marking the launch of the new North American trade agreement, the U.S.-Mexico-Canada Agreement.
July 8, 2020Boeing Has Settled Almost All Lion Air Crash-Death Claims
Boeing Co. said it settled 90% of the wrongful death claims filed in a U.S. court over the 2018 crash of a 737 Max jet operated by Lion Air.
July 8, 2020ATA Praises USMCA Pact
The trade deal with Canada and Mexico that took effect at the start of the month garnered a strong endorsement from the leadership at American Trucking Associations.
July 8, 2020World’s Supply Chain Managers Bask in Their Extended Moment
Accustomed to crunch time and performing in a crisis, the world’s supply chain managers are having something of an extended moment in pandemic recovery mode.
July 8, 2020Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon
Daimler AG CEO Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signaled demand for cars and trucks has started to recover from the most dramatic slump in decades.
July 8, 2020How America Is Thanking Truckers During the Coronavirus Crisis
As America grapples with the coronavirus and daily life is altered, the nation's truck drivers are among those who are risking their personal health and doing the hard work to keep products moving. And their effort is being recognized. Here are some examples.
July 8, 2020Walmart Jumps With Amazon Prime Challenger Nearing Debut
Walmart Inc. will introduce a subscription service this month to compete with Amazon.com Inc.’s Prime program, according to a person familiar with the plans.
July 7, 2020