Business

Electric-transit bus manufacturer Proterra appointed current Chairman Jack Allen to CEO as it prepares to extend its technology to other vehicle segments, including last-mile delivery.

Commercial Vehicle Group Inc., a global supplier of cab-related products and systems, earlier this month reported a fourth-quarter net loss and lower revenue as the commercial vehicle and construction markets contracted, and shortly thereafter announced the appointment of a new leader.

FedEx Corp. CEO Fred Smith said during a television appearance that he doesn’t expect his company to seek assistance from the federal government to survive the economic downturn being caused by the spread of COVID-19.

An updated guidance memo issued by the director of the Cybersecurity and Infrastructure Security Agency clearly identifies truck drivers and related logistics personnel as “essential employees” helping the nation attempt to slow the spread of the coronavirus.

The world is close to running out of space to store all the fuel that jets are no longer burning.

The leadership of the Port Authority of New York and New Jersey is seeking $1.9 billion in federal assistance, joining the growing list of ports asking Washington for aid as the coronavirus wreaks havoc on business at those facilities.

Walmart Inc. is hiring 150,000 temporary workers and readying its parking lots for coronavirus tests as the world’s largest retailer girds itself to deal with the unprecedented challenges of the fast-spreading outbreak.

Stocks sank to their worst week since the financial crisis of 2008 as traders went into full retreat out of fear that the coronavirus will plunge the U.S. and other major economies into deep recessions.

The leaders of American Trucking Associations, FedEx Corp., UPS Inc. and the U.S. Postal Service are asking the White House to ensure that measures taken by federal, state and local governments to slow the spread of the coronavirus do not hinder their efforts to deliver needed goods to citizens.