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Government, Business, Safety
A tractor-trailer passes by a Welcome to Illinois sign. Illinois plans to distribute $1.5 billion to local government agencies over three years. (benkrut/Getty Images)
Illinois Officials Announce $250 Million for Local Infrastructure
A tractor-trailer passes by a Welcome to Illinois sign. Illinois plans to distribute $1.5 billion to local government agencies over three years. (benkrut/Getty Images)
Leading Illinois officials recently announced that $250 million in infrastructure grants will be dedicated to local government agencies.
July 31, 2020
Business, Fuel, Logistics
Fuel lines sit connected to underground storage tanks at a gas station in Princeton, Ill., on April 1. (Daniel Acker/Bloomberg News)
Oil Pares Monthly Gain With Global Supply Onslaught Looming
Fuel lines sit connected to underground storage tanks at a gas station in Princeton, Ill., on April 1. (Daniel Acker/Bloomberg News)
Oil is set to eke out a monthly gain, yet futures lost steam on July 31 amid threats that the market will soon become oversupplied.
July 31, 2020
Government, Business
Pedestrians wearing masks walk near a Chipotle in San Francisco on July 20. (David Paul Morris/Bloomberg News)
US Incomes Fall in June as One-Time Stimulus Boost Fades
Pedestrians wearing masks walk near a Chipotle in San Francisco on July 20. (David Paul Morris/Bloomberg News)
U.S. incomes fell more than expected in June as the effects of the government’s one-time stimulus checks dissipated, though an increase in unemployment-insurance payments pointed to the importance of expiring federal relief.
July 31, 2020
Government, Business, Safety
Truckers Against Trafficking Executive Director Kendis Paris said the group's efforts are working. She said 1,230 victims have been identified through Truckers Against Trafficking. (U.S. Department of Transportation)
UPS Leaders Share Practices to Mobilize Against Human Trafficking
Truckers Against Trafficking Executive Director Kendis Paris said the group's efforts are working. She said 1,230 victims have been identified through Truckers Against Trafficking. (U.S. Department of Transportation)
Companies’ efforts to combat human trafficking should be rooted in education and the support of leadership teams, according to executives from UPS Inc.
July 31, 2020
Business, Technology, Logistics
Boxes move along a conveyor belt at an Amazon fulfillment center in New Jersey. (Michael Nagle/Bloomberg News)
Amazon Plows Through Pandemic With Record Profit
Boxes move along a conveyor belt at an Amazon fulfillment center in New Jersey. (Michael Nagle/Bloomberg News)
Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity.
July 31, 2020
Business, Logistics
XPO Logistics said second-quarter revenue fell 17.4% to $3.5 billion from $4.2 billion for the same period in 2019. (XPO Logistics)
XPO Reports Net Loss in Q2; Revenue Slides
XPO Logistics said second-quarter revenue fell 17.4% to $3.5 billion from $4.2 billion for the same period in 2019. (XPO Logistics)
XPO Logistics swung to a loss as revenue declined sharply in the second quarter because of the COVID-19 pandemic.
July 30, 2020
Government, Business, Technology
Jerome Powell, Federal Reserve chairman, testifies during a House Financial Services Committee hearing in Washington on June 30. (Tasos Katopodis/Bloomberg News)
Tech Leads Stock Rebound From Lows Amid Earnings
Jerome Powell, Federal Reserve chairman, testifies during a House Financial Services Committee hearing in Washington on June 30. (Tasos Katopodis/Bloomberg News)
Stocks pared losses as a rally in big technology companies tempered concern over a slow economic rebound. After the close of regular trading, Apple Inc., Amazon .com Inc., Alphabet Inc. and Facebook Inc. jumped as results crushed Wall Street estimates.
July 30, 2020
Business, Technology, Fuel
Nikola's Trevor Milton in 2019. (Nikola Motor Co.)
Nikola’s Trevor Milton Says Future of Trucking Is Hydrogen-Based
Nikola's Trevor Milton in 2019. (Nikola Motor Co.)
Nikola Corp. founder and Executive Chairman Trevor Milton believes the hydrogen fuel cell technology that powers his company’s trucks can place Nikola at the forefront of global efforts to toughen clean-air rules while also providing a truck that meets the needs of commercial fleets.
July 30, 2020
Business, Equipment
Used trucks sit on the sales lot at Atlanta International Used Truck Center. (Atlanta International Used Truck Center via Facebook)
Year-Over-Year Average Price for Used Class 8 Trucks Drops Again
Used trucks sit on the sales lot at Atlanta International Used Truck Center. (Atlanta International Used Truck Center via Facebook)
The year-over-year average price of a used Class 8 vehicle in June declined for the 14th consecutive month.
July 30, 2020
Government, Business
American Trucking Associations Chief Economist Bob Costello said trucking is holding its own during these tough times. (Doug Berry/Getty Images)
Q2 GDP Drops a Record 32.9%, but Trucking Holding Steady
American Trucking Associations Chief Economist Bob Costello said trucking is holding its own during these tough times. (Doug Berry/Getty Images)
The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations.
July 30, 2020