US Layoffs Climb to 41 Million, Despite Business Reopenings
An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the running total since the coronavirus shutdowns took hold in mid-March to about 41 million, the government said May 28.
May 28, 2020Boeing, Suppliers Advance on Restart of 737 Max Production
Boeing Co. and its suppliers climbed as the plane maker resumed production of the 737 Max jetliner while working with regulators to end a yearlong global grounding.
May 28, 2020Mitsubishi-Fuso to End US, Canadian Sales
Mitsubishi Fuso Truck and Bus Corp. is exiting the U.S. and Canadian markets as part of a strategic shift to focus on other regions, but will maintain service support for vehicles now on the road, the company announced.
May 28, 2020Fitzgerald Seeks Summary Judgment in $83 Million Tax Case
Attorneys for the nation’s largest glider truck manufacturer have asked a federal judge for permission to seek a partial summary judgment to block an attempt by the IRS from collecting $83 million in back taxes and penalties.
May 27, 2020Zipline Medical Drones Begin Flying in the US
On May 22, before Memorial Day, a six-foot long, red-and-white drone took off from a field in Kannapolis, N.C., flew 15 miles west over suburban Charlotte to Novant Health’s Huntersville Medical Center, and dropped a box of protective masks in a designated spot next to the parking lot.
May 27, 2020Trucking Begins to Rise Off the Bottom
Present conditions signal the bottom of the pandemic’s vertiginous drawdown of the freight market, trucking industry observers said. But other economic conditions, in place earlier in 2019 and 2020, remain as a potential drag.
May 27, 2020US Says Hong Kong’s Autonomy Is Gone
The U.S. has certified that Hong Kong is no longer politically autonomous from China, a move that could have far-reaching consequences on the former British colony’s special trading status with the U.S., Secretary of State Michael Pompeo said.
May 27, 2020Trucking Companies Adapt to Coronavirus Realities
Trucking companies have been nimble in adopting changes to their operations both on the road and in the office as a result of the COVID-19 outbreak, industry executives said.
May 27, 2020Boeing Begins Cutting Workforce With 6,770 Layoffs in US
Boeing Co. unveiled the first and deepest of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.
May 27, 2020Most Railroads Nearing Positive Train Control Implementation
Positive train control technology is either in advanced field testing or operational on 98% of the required route miles mandated by Congress, according to an assessment.
May 27, 2020