Business

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.

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.

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.

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.

Joe Biden is promising to shift production of medical equipment and other key pandemic-fighting products “back to U.S. soil,” creating jobs and bolstering a domestic supply chain he says has been exposed as inadequate and vulnerable by the coronavirus outbreak.

The White House wants Congress to pass another stimulus package by the first week in August, before lawmakers head home for their annual summer recess, and to keep the cost at $1 trillion or less, according to Vice President Mike Pence’s top aide.

Morgan Stanley analysts lifted their bull-case price target for Tesla Inc. to $2,070 after an “extraordinary” rally saw the stock overshoot a previous best-case scenario of $1,200. But they still don’t recommend buying Tesla shares.

A major Interstate 440 reconstruction project has been completed ahead of schedule, Tennessee government officials recently announced.

The market gloom over the metals that will power the cars of the future is starting to lift.

The Federal Highway Administration recently announced the availability of $60 million in grant funding for groups working on projects that involve transportation technologies.