Jobless Claims Rise to 419,000 From a Pandemic Low
WASHINGTON — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
July 22, 2021Infrastructure Stakeholders Promote Cybersecurity Investments
Nearly three months after a cyberattack against a prominent petroleum products distributor on the East Coast, groups representing various infrastructure sectors called for robust methods to protect the country’s freight and mobility grids.
July 22, 2021Mercedes Sketches Out All-Electric Scenario by Decade’s End
FRANKFURT, Germany — Daimler AG’s luxury car brand Mercedes-Benz is stepping up its transition to electric cars, doubling the planned share of sales by 2025 and sketching out a market scenario in which new car sales would “in essence” be fully electric by the end of the decade.
July 22, 2021Landstar Reports Record Earnings for Q2
Landstar System reported an all-time record for quarterly net income in its second-quarter financial results.
July 21, 2021Lumber Surges Anew as Canada Wildfires Snarl Shipments
Lumber futures rose the most in more than a year on concern that wildfires in western Canada will reduce supply and spur more curtailments at sawmills.
July 21, 2021Infrastructure Bill Fails First Test Vote
WASHINGTON — Senate Republicans rejected an effort July 21 to begin debate on a big infrastructure deal that a bipartisan group of senators brokered with President Joe Biden. But supporters in both parties remained hopeful of another chance in coming days.
July 21, 2021Knight-Swift Reports Surge in Q2 Earnings
Knight-Swift Transportation Holdings saw growth throughout the company, including a 90.6% increase in net income during the second quarter, the company reported July 21.
July 21, 2021Senate Commerce Leaders Push Supply Chain Efficiency
To promote efficiency across the country’s supply chain, Commerce Committee Chairwoman Maria Cantwell recently pressed colleagues to advance legislation meant to enhance the flow of freight.
July 21, 2021Volvo Group Earnings Rise on Global Vehicle Sales
Volvo Group reported strong second-quarter earnings and revenue as sales in its global vehicle-related segment rose 41% compared with a year earlier.
July 21, 2021Proposed Merger Dominates CN Financial Report
Canadian National Railway reported an increase in second-quarter net income and revenue, and for the second period in a row company leaders spent significant time detailing for analysts the value of the company’s $33.7 billion merger with Kansas City Southern.
July 21, 2021