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Government, Business, Logistics

East Coast Ports Continue to Assess Damage From COVID-19

Trucks at the Port of New York and New Jersey Trucks at the Port of New York and New Jersey. The port processed 16.3% less TEUs in June of this year than in June 2019. (Port Authority of New York and New Jersey)

The nation’s East Coast ports continued to be battered by lower imports from overseas in June because of the COVID-19 pandemic.

Dan Ronan | Associate News Editor
August 5, 2020
Government, Business

US Job Losses to Mount With Small Firms Running on Fumes

A waiter wearing protective equipment serves food to patrons at the outdoor seating area of a restaurant in Chicago on July 24. A waiter wearing protective equipment serves food to patrons at the outdoor seating area of a restaurant in Chicago on July 24. (Olivia Obineme/Bloomberg News)

The clock is ticking for Bonnie Morales and the acclaimed restaurant she opened a few years ago in Portland, Ore. She’s among thousands of U.S. small-business owners who are considering layoffs in coming months as they plow through government aid.

August 5, 2020
Government, Business

‘Kumbaya Moment’ Unlikely in Next COVID-19 Bill, McConnell Says

Senate Majority Leader Mitch McConnell has found himself on the outside looking in during this relief bill negotiation. Senate Majority Leader Mitch McConnell said he is ready to support a negotiated relief package, "even if I have some problems with certain parts of it.” (Amanda Andrade-Rhoades/Bloomberg News)

Partisan disagreements about the degree of assistance to provide various groups and industries have delayed a COVID-19 relief package.

Eugene Mulero | Senior Reporter
August 5, 2020
Government, Business, Technology, Fuel

Global EV Charging Stations Top 1 Million

A pedestrian passes an electric vehicle charging space in Germany on Jan. 13. A pedestrian passes an electric vehicle charging space in Germany on Jan. 13. (Krisztian Bocsi/Bloomberg News)

The electric vehicle industry has quietly hit one of its biggest milestones to date, as the number of public charging plugs around the world ticks above the 1 million mark.

Kyle Stock | Bloomberg News
August 5, 2020
Government, Business, Logistics

Trade Gap Narrows as Autos Spur Record Exports Increase

Gantry cranes stand above the Port of Los Angeles. Gantry cranes stand above the Port of Los Angeles. (Patrick T. Fallon/Bloomberg News)

The deficit in U.S. trade of goods and services narrowed in June for the first time since February as exports jumped, though shipments remained well below pre-pandemic levels.

August 5, 2020
Business, Technology, Equipment, Fuel

Nikola Posts Q2 Loss, Stays Focused on Growth Strategy

Nikola A Nikola truck hauling an Anheuser-Busch load. (Anheuser-Busch)

Just months after becoming a publicly traded company, Nikola Corp. reported that net losses widened versus year-ago levels as the company continues investing in the buildup toward the introduction of its electric trucks.

Dan Ronan | Associate News Editor
August 5, 2020
Business, Top 100

Trucking Companies Reaffirm Commitment to Diversity

drivers at truck yard kali9/Getty Images

Trucking companies are taking steps to expand and reaffirm their commitment to a diversified workforce, and to promote trucking as an inclusive industry.

Connor D. Wolf | Staff Reporter
August 5, 2020
Government, Business, Technology, Autonomous

Anthony Levandowski Sentenced to 18 Months in Prison

Anthony Levandowski leaves courtroom In a file photo, Anthony Levandowski (left) and attorney Miles Ehrlich exit federal court in San Jose, Calif., Aug. 27, 2019. (David Paul Morris/Bloomberg News)

Autonomous driving engineer Anthony Levandowski was ordered to spend 18 months in prison for stealing trade secrets from Google as he defected to Uber Technologies Inc., in one of the highest-profile criminal cases to hit Silicon Valley.

Joel Rosenblatt | Bloomberg News
August 4, 2020
Business

Daimler Appoints Rainer Müller-Finkeldei to SVP Post

Sprinter van Müller-Finkeldei (inset, by Daimler) has had roles across business units, including Daimler vans. (Mercedes-Benz USA)

Daimler Trucks North America appointed Rainer Müller-Finkeldei senior vice president of engineering and technology.

Roger Gilroy | Senior Reporter
August 4, 2020
Business

Oil Jumps as Lebanon Explosion Signals Geopolitical Instability

Oil Oil in storage in the United States. (Daniel Acker/Bloomberg News)

Oil extended its rally and hit a two-week high after an explosion at Lebanon’s main port rocked the capital Beirut, pointing to geopolitical instability in the region.

Andres Guerra Luz | Bloomberg News
August 4, 2020

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