Tesla Inc. will furlough noncritical employees without pay and temporarily cut executive salaries as much as 30% to conserve cash while the coronavirus pandemic forces the shutdown of much of its operations.
April 8, 2020Business
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Business, Safety
A worker welds a Model S sedan chassis at Tesla's assembly plant in Fremont, Calif., in 2013. (Noah Berger/Bloomberg News)
Tesla Plans No-Pay Furloughs, Salary Cuts While Plants Idled
A worker welds a Model S sedan chassis at Tesla's assembly plant in Fremont, Calif., in 2013. (Noah Berger/Bloomberg News)
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Business, Safety, Logistics, Top 100
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Driver Health Becomes Paramount During Coronavirus Outbreak
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Trucking companies are doing a lot to keep their drivers safe and healthy even as the coronavirus pandemic has caused notable disruptions throughout the economy as the number of infected continues to climb.
April 8, 2020
Government, Business
The GM Flint Assembly plant stands idle in Flint, Mich., on March 23. (Anthony Lanzilote/Bloomberg News)
GM Secures $490 Million US Contract to Make Ventilators
The GM Flint Assembly plant stands idle in Flint, Mich., on March 23. (Anthony Lanzilote/Bloomberg News)
The U.S awarded General Motors Co. and its partner Ventec Life Systems a $489.4 million contract to make 30,000 ventilators by the end of August, finalizing a deal that briefly was a point of contention for President Donald Trump.
April 8, 2020
Government, Business, Logistics
Port Jersey Marine Terminal in 2018 by Craig Warga/Bloomberg News
Activity at US Ports Plummets as Coronavirus Slows World Economy
Port Jersey Marine Terminal in 2018 by Craig Warga/Bloomberg News
Activity at ports tracked by the Global Port Tracker fell in February to the lowest level in five years.
April 8, 2020
Business, Safety
Competitors dive into their written exams at the 2019 National Truck Driving Championships and National Step Van Driving Championships, which were held in Pittsburgh. This year's event was to be held in Indianapolis. (John Sommers II for Transport Topics)
NTDC Canceled Because of Coronavirus Concerns
Competitors dive into their written exams at the 2019 National Truck Driving Championships and National Step Van Driving Championships, which were held in Pittsburgh. This year's event was to be held in Indianapolis. (John Sommers II for Transport Topics)
American Trucking Associations’ National Truck Driving Championships and National Step Van Driving Championships have been canceled due to coronavirus-related concerns. But states remain free to make independent decisions about their own events.
April 7, 2020
Government, Business, Safety, TCA
UPS cargo planes sit on the tarmac at the UPS Worldport facility in Louisville, Ky., in 2016. (Luke Sharrett/Bloomberg News)
UPS Manages Airlift of Health Care Supplies for FEMA
UPS cargo planes sit on the tarmac at the UPS Worldport facility in Louisville, Ky., in 2016. (Luke Sharrett/Bloomberg News)
UPS launched a two-week operation to run 25 cargo flights carrying masks, gloves, surgical gowns and other equipment for the health care industry under the federal government’s Project Airbridge.
April 7, 2020
Business, Equipment
Workers install parts on a truck engine at a Mack Trucks assembly facility in Macungie, Pa. The last time Class 8 orders fell below 10,000 was during the Great Recession. (Luke Sharrett/Bloomberg News)
March Class 8 Orders Drop to Recessionary Levels
Workers install parts on a truck engine at a Mack Trucks assembly facility in Macungie, Pa. The last time Class 8 orders fell below 10,000 was during the Great Recession. (Luke Sharrett/Bloomberg News)
Orders for North American Class 8 vehicles in March fell below 8,000, ACT Research reported, as already weak freight demand collided with the spreading coronavirus.
April 7, 2020
Government, Business, Logistics, Top 50, Top 100
According to FedEx, after payroll withholding and other deductions, CEO Fred Smith’s salary will be $1 per pay period through Sept. 30. (Andrew Harrer/Bloomberg News)
FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months
According to FedEx, after payroll withholding and other deductions, CEO Fred Smith’s salary will be $1 per pay period through Sept. 30. (Andrew Harrer/Bloomberg News)
FedEx Corp. said Chairman and CEO Fred Smith is taking a salary cut, effective April 1, from $115,402 per month to $10,728 per month through Sept. 30.
April 7, 2020
Government, Business, Logistics
Shipping containers stacked at the Yangshan Deepwater Port in Shanghai, China, on March 23. (Qilai Shen/Bloomberg News)
Ship Crews Stuck in Lockdown Strain Global Supply Chains
Shipping containers stacked at the Yangshan Deepwater Port in Shanghai, China, on March 23. (Qilai Shen/Bloomberg News)
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic.
April 7, 2020
Government, Business, Safety
A student at a Truck Training America location, before the pandemic. (John Sommers II for Transport Topics)
Stakeholders Tell Congress, Governors: CDLs, Permits Need to Be Processed
A student at a Truck Training America location, before the pandemic. (John Sommers II for Transport Topics)
To avert a potential truck driver shortage during the coronavirus emergency, a coalition of large businesses and trade groups has urged Congress and the nation’s governors to implement procedures that would allow new drivers to more quickly obtain commercial learner permits and commercial driver licenses.
April 7, 2020Pages
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