New Penn Consolidates Administration in YRC Worldwide’s Kansas HQ
New Penn Motor Express said it will close its administrative office at its Lebanon, Pa., headquarters and consolidate it with the YRC Worldwide field resource center in Overland Park, Kan.
July 11, 2019Ford-VW Alliance Seen Amping Up Pressure on Other Automakers
The soon-to-expand alliance between Ford Motor Co. and Volkswagen AG has the potential to transform the global auto industry and increase pressure on other manufacturers developing electric and self-driving cars, analysts said.
July 11, 2019Trump Defends Refinery Waivers by Noting Expanded Ethanol Sales
President Donald Trump has cited his move to allow year-round sales of high-ethanol gasoline as farmers pressure him to dial back decisions to exempt oil refineries from biofuel-blending mandates, signaling the president sees the two issues as related.
July 11, 2019Officials Say Diesel Technician Shortage Starting to Ease as Recruiting Pays Off
A leading trucking official said “there is definitely a shift going on” for the industry to address its critical shortage of technicians.
July 11, 2019Oil Trades Near Seven-Week High Amid Gulf Storm, 2020 Outlook
Oil traded near a seven-week high as supply risks from a storm in the Gulf of Mexico and falling U.S. stockpiles were countered by a weak market outlook from OPEC in 2020.
July 11, 2019Core Consumer Inflation Tops Projections in Broad Gain
A key measure of U.S. consumer prices rose more than forecast in June, potentially complicating the Federal Reserve’s assessment of inflation as policy makers weigh an interest-rate cut as soon as this month.
July 11, 2019Amazon Commits $700 Million to Retrain Workers in New Skills
Amazon.com Inc. said it will spend $700 million to retrain about one-third of its U.S. workforce in skills needed to thrive in the new economy.
July 11, 2019Amazon Back on Cusp of $1 Trillion Value After 7-Day Streak
Amazon.com Inc. is flirting with a $1 trillion valuation again after posting its longest winning streak since briefly surpassing that level in September.
July 11, 2019Jobless Claims Decline to Lowest Level Since Mid-April
Filings for U.S. unemployment benefits declined to a 12-week low, underscoring the Federal Reserve’s view that a robust labor market is underpinning economic expansion.
July 11, 2019QuikQ Gains Investments From Love’s, TA
QuikQ, a provider of fuel payment solutions, announced Love’s Travel Stops and TravelCenters of America each has invested in the company, with TA providing about $20 million. The Love’s amount was not disclosed.
July 10, 2019