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Government, Business

US Layoffs Remain Elevated as 840,000 Seek Jobless Aid

Information signs are displayed at a closed Illinois work center on June 11. (Nam Y. Huh/Associated Press)

The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

Christopher Rugaber | Associated Press
October 8, 2020
Government, Business, Technology, Logistics

Watch the Replay: Future of Freight and Supply Chain Symposium

The Future of Freight and Supply Chain Symposium

Trucking execs from XPO Logistics, C.R. England, NFI Industries, YRC Worldwide and Transfix were among the guests featured during our Oct. 8 TT/CQ Roll Call virtual symposium, "The Future of Freight and Supply Chain Management." Watch the replay now.

October 7, 2020
Business, Fuel

Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. (Luke Sharrett/Bloomberg News)

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

Kevin Crowley | Bloomberg News
October 7, 2020
Business, Equipment

ATA, TMC Celebrate Professional Technicians With Appreciation Week

Robert Braswell, TMC executive director TMC Executive Director Robert Braswell at Technology & Maintenance Council's annual meeting in 2018. (John Sommers II for Transport Topics)

American Trucking Associations’ Technology & Maintenance Council recognized several service professionals Sept. 26 during the inaugural National Technician Appreciation Week.

Connor D. Wolf | Staff Reporter
October 7, 2020
Business, Technology, Equipment, Fuel

Hyundai Readies Fuel Cell Truck for US Market

Hyundai Hyundai plans to enter the U.S. truck market with its XCIENT fuel cell truck. (Hyundai)

Hyundai Motor Co. said it would expand its fuel cell truck sales efforts to the U.S. and China and significantly increase production over the coming year.

Jerry Hirsch | Contributing Writer
October 7, 2020
Business

Trucker Pay Increasing as Driver Shortage Grows, Industry Capacity Tightens

Smiling truck driver Retirements and the surge in e-commerce are two reasons why companies are boosting pay to attract more drivers. (kali9/Getty Images)

As capacity tightens in the trucking industry, some carriers are beginning to announce pay hikes, and some industry watchers would not be surprised to see more hikes.

Dan Ronan | Associate News Editor
October 7, 2020
Business, Technology, Fuel, Logistics

Sustainable Supply Chains Grow More Important

hydrogen vehicle California Hydrogen via Vimeo

A growing number of corporations have sustainability goals, according to a new study by Coyote Logistics, and are looking for the supply chain to amplify those efforts.

Roger Gilroy | Senior Reporter
October 7, 2020
Government, Business, Fuel

Oil Drops With Rising US Supplies Adding to Stimulus Concern

A pump jack operates in Kansas on Sept. 25. A pump jack operates in Kansas on Sept. 25. (Angus Mordant/Bloomberg News)

Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.

Andres Guerra Luz | Bloomberg News
October 7, 2020
Government, Business

Pelosi, Mnuchin Talk Airline Aid After Trump Nixes Big Stimulus

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi talked Oct. 7 about airline aid. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi talked Oct. 7 about a targeted airline relief bill. (Andrew Harrer/Bloomberg News)

Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on the morning of Oct. 7 after President Donald Trump pulled his negotiators from broader stimulus talks.

Erik Wasson and Billy House | Bloomberg News
October 7, 2020
Government, Business

Hurricane Delta Makes Landfall in Mexico

A lifeguard tower lies on its side in Cancun, Mexico, on Oct. 7, after being toppled by Hurricane Delta. A lifeguard tower lies on its side in Cancun, Mexico, on Oct. 7, after being toppled by Hurricane Delta. (Victor Ruiz Garcia/Associated Press)

Hurricane Delta made landfall Oct. 7 just south of the Mexican resort of Cancun as an extremely dangerous Category 2 storm, downing trees and knocking out power along the northeastern coast of Yucatan Peninsula, but without immediate reports of deaths or injuries.

Luis Andres Henao | Associated Press
October 7, 2020

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