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Business, Logistics

Supply Chain Risk Grows as Weary Crews Halt Ships and Clog Ports

A container ship is docked at a terminal in Sydney, Australia, on June 3. A container ship is docked at a terminal in Sydney, Australia, on June 3. (Brendon Thorne/Bloomberg News)

A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking point caused by restrictions on crew changes amid coronavirus precautions.

Aaron Clark and Annie Lee | Bloomberg News
August 7, 2020
Government, Business

US Adds 1.8 Million Jobs in Sign That Hiring Has Weakened

A sign advertises hiring of temporary associates at a Pier 1 store in Florida. A sign advertises hiring of temporary associates at a Pier 1 store in Florida on Aug. 6. (Lynne Sladky/Associated Press)

The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is weakening hiring and the economic rebound.

Christopher Rugaber | Associated Press
August 7, 2020
Government, Business

Global Stocks Erase 2020 Losses Amid US Rally

A view inside the Tokyo Stock Exchange in December 2018. Employees work inside the Tokyo Stock Exchange in December 2018. (Kiyoshi Ota/Bloomberg News)

A gauge of global equities erased its losses for the year as U.S. stocks climbed on optimism that officials will come to terms on fresh economic stimulus. Gold extended gains amid speculation interest rates will stay low for longer.

August 6, 2020
Business, Safety, Logistics, Top 50, Top 100

UPS, FedEx Gear Up to Ship COVID-19 Vaccine When Ready

Vaccine The logistics of storing and shipping vaccines are complicated. (Meyer & Meyer/Getty Images)

UPS and FedEx are among the companies hard at work on strategies to ship a COVID-19 vaccine safely around the world once it is ready.

Dan Ronan | Associate News Editor
August 6, 2020
Business, Equipment, Fuel

Cummins Is Top Overall Supplier of Class 8 Engines in First Half of 2020

Cummins X12 engine Cummins Inc.

Independent engine maker Cummins Inc. supplied a leading 34.7% of the diesel engines used in the first half of 2020.

Roger Gilroy | Senior Reporter
August 6, 2020
Business, Fuel

Oil Seesaws With Demand Woes Offsetting Tighter Supply Picture

Crude oil storage tanks stand outside Midland, Texas. Crude oil storage tanks stand outside Midland, Texas. (Matthew Busch/Bloomberg News)

Oil swung between gains and losses as uncertainty over the prospect of a U.S. virus relief bill that could boost fuel consumption offset signals of tightening global supply.

Andres Guerra Luz | Bloomberg News
August 6, 2020
Government, Business, Safety

CVTA: Driver Learner Permit, CDL Testing Delays Persist

Kentucky CDL testing A Truck Training America student drives through the Kentucky State Police CDL test track and road course in Louisville, Ky. (John Sommers II for Transport Topics)

More than one-third of state driver’s license agencies continue to face moderate to significant delays in conducting commercial learner permit knowledge tests, commercial driver license skills tests or actual issuance of the physical learner permits, according to a new survey by the Commercial Vehicle Training Association.

Eric Miller | Senior Reporter
August 6, 2020
Government, Business, Technology, Safety

Driver-Assist Technologies Touted at FMCSA Truck Safety Summit

NHTSA Volvo's Active Driver Assist. (Volvo)

The importance of hiring skilled drivers, the prospects for success with hair-based drug tests, the critical need for infrastructure funding and the promise of technology — especially as it relates to onboard vehicle systems — were among subjects discussed at an all-day Federal Motor Carrier Safety Administration Aug. 5 truck safety summit.

Eric Miller | Senior Reporter
August 6, 2020
Business, Technology, Fuel, TCA

Cadillac Set to Debut First All-Electric Vehicle

Cadillac's first fully-electric car, the Lyriq, will be sold in the U.S. and China. Cadillac's first fully-electric car, the Lyriq, will be sold in the U.S. and China. (Cadillac)

Cadillac is turning to its next chapter as an electric-vehicle brand with the debut of the 2022 Cadillac Lyriq crossover.

Kalea Hall | The Detroit News
August 6, 2020
Government, Business, Logistics

USPS Election Role Becomes Flashpoint in Stimulus Talks

A USPS letter carrier prepares mail for delivery. A letter carrier prepares mail for delivery at a USPS facility in Fairfax, Va., on May 19. (Andrew Harrer/Bloomberg News).

House Democrats want to throw a financial lifeline to the struggling U.S. Postal Service amid concerns that mail delays could lead to hundreds of thousands of legitimate votes being thrown out, potentially skewing the election. Senate Republicans say the money isn’t needed.

August 6, 2020

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