Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
CHBC Names Bill Zobel Executive Director
The California Hydrogen Business Council announced the appointment of Bill Zobel as its executive director.
June 9, 2020VW Board Backs CEO to Ease Tensions After Turmoil
Volkswagen AG’s supervisory board accepted an apology from CEO Herbert Diess, with the unusual public statement reflecting the tension caused by an internal dust-up.
ATA: Trucking Sites Could See Big Effect From EPA Stormwater Proposal
American Trucking Associations says fleets could feel the brunt of stormwater runoff regulation changes proposed by the Environmental Protection Agency.
Commission Approves Contracts for Oklahoma City Road Projects
The Oklahoma Transportation Commission recently approved contracts for two major infrastructure improvement projects in the Oklahoma City metropolitan area.
US Targets Sanctions for Iran-Venezuela Oil Tanker Trade
The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.
Recession Began in February, Economists Say
The U.S. economy fell into a recession in February, a group of economists with the National Bureau of Economic Research said June 8, and some within the trucking industry are not predicting a rapid return to pre-pandemic levels.
Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out
Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.
Stocks Vault Higher as Nasdaq Hits Record on Economy Hopes
NEW YORK — The Nasdaq composite wiped away the last of its coronavirus-induced losses to set a record June 8.
Diesel Increases by a Penny; Gas Climbs Back Above $2
The nationwide average price of a gallon of diesel increased by 1 cent to $2.396, according to the weekly report from the Energy Information Administration on June 8.
Recession Began in February in Face of Coronavirus, Experts Say
WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared June 8.