Business

About Business News...
Business, Safety

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. A worker welds a Model S sedan chassis at Tesla's assembly plant in Fremont, Calif., in 2013. (Noah Berger/Bloomberg News)

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, 2020
Business, Safety, Logistics, Top 100

Driver Health Becomes Paramount During Coronavirus Outbreak

hand sanitizer Getty Images

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.

Connor D. Wolf | Staff Reporter
April 8, 2020
Government, Business

GM Secures $490 Million US Contract to Make Ventilators

The GM Flint Assembly plant stands idle in Flint, Mich., on March 23. 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.

David Welch | Bloomberg News
April 8, 2020
Government, Business, Logistics

Activity at US Ports Plummets as Coronavirus Slows World Economy

Port Jersey Marine Terminal 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.

Dan Ronan | Associate News Editor
April 8, 2020
Business, Safety

NTDC Canceled Because of Coronavirus Concerns

2019 NTDC participants take the written exam 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.

Eleanor Lamb | Staff Reporter
April 7, 2020
Government, Business, Safety, TCA

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. 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.

Kelly Yamanouchi | The Atlanta Journal-Constitution
April 7, 2020
Business, Equipment

March Class 8 Orders Drop to Recessionary Levels

Class 8 orders 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.

Roger Gilroy | Senior Reporter
April 7, 2020
Government, Business, Logistics, Top 50, Top 100

FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months

FedEx CEO Fred Smith 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.

Dan Ronan | Associate News Editor
April 7, 2020
Government, Business, Logistics

Ship Crews Stuck in Lockdown Strain Global Supply Chains

Shipping containers stacked at the Yangshan Deepwater Port in Shanghai, China, on March 23. 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

Stakeholders Tell Congress, Governors: CDLs, Permits Need to Be Processed

CDLs 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.

Eric Miller | Senior Reporter
April 7, 2020

Pages