US Consumer Confidence Fell in July as Expectations Slumped
U.S. consumer confidence declined in July by more than forecast as a pickup in COVID-19 cases rattled Americans’ sentiment about prospects for the economy and the job market.
July 28, 2020Diesel Dips for Second Consecutive Week
Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.
July 27, 2020Wall Street Returns to Rally; Gold Jumps to Record High
Wall Street’s rally got back on track July 27, while gold rushed to a record at the start of a week packed with potentially market-moving events.
July 27, 2020New Prime Agrees to $28 Million Settlement in Contractor Dispute
Attorneys for New Prime Inc. and a potential class of 40,000 mostly independent owner-operators have agreed to settle two lawsuits, awarding the truck drivers a total of $28 million in back compensation and damages.
July 27, 2020Motorcoach Industry Seeks Federal Aid to Mitigate Losses
The 100-year-old over-the-road motorcoach industry is struggling for survival as most of the nation’s 36,000 buses are sitting in parking lots because of the COVID-19 pandemic.
July 27, 2020Portland on the Mind of US House Transportation Leader Peter DeFazio
The to-do list of the top transportation policymaker in the U.S. House of Representatives, Democrat Peter DeFazio, now includes addressing the federal response in his home state of Oregon. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
July 27, 2020Airlines Pledge Aircraft, Loyalty Programs in Bid to Tap Funding
Global airlines are pledging their brands, loyalty programs and aircraft as collateral to secure more funds in the debt markets as the coronavirus pandemic continues to batter the sector.
July 27, 2020Pelosi Presses GOP to Quickly Negotiate Virus Aid With Democrats
Deadlines looming, House Speaker Nancy Pelosi implored Republicans and the White House on July 27 to come quickly to the negotiating table with Democrats over the next coronavirus relief package to prevent unemployment assistance and an eviction moratorium from expiring for millions of Americans.
July 27, 2020Illinois Leaders Unveil $21.3 Billion Infrastructure Plan
Illinois Gov. Jay “J.B.” Pritzker recently announced a $21.3 billion plan to improve roads and bridges throughout the state.
July 27, 2020World’s Supply Chain May Not Be Ready for COVID-19 Vaccine
The industries that shepherd goods around the world on ships and planes acknowledge they aren’t ready to handle the challenges of shipping an eventual COVID-19 vaccine from drugmakers to billions of people.
July 27, 2020