Government, Business

US Job Openings Increased in July by More Than Forecast

A client stands outside a job center in Pearly, Miss., on Aug. 31. A client stands outside a job center in Pearly, Miss., on Aug. 31. (Rogelio V. Solis/Associated Press)

U.S. job openings increased for a third straight month in July, consistent with a steady improvement in the labor market as the nation grinds its way forward from a pandemic-induced recession.

Vince Golle | Bloomberg News
September 9, 2020
Government, Business

US Stocks Sink to 4-Week Low in Latest Tech Rout

U.S. stocks sank on Sept. 8 to a four-week low. U.S. stocks sank on Sept. 8 to a four-week low. (Spencer Platt/Getty Images via Bloomberg News)

The selloff in U.S. technology shares picked up speed as investors fled the high fliers who fueled the historic five-month rally from the pandemic lows. Oil plunged, while Treasuries rose with the dollar.

September 8, 2020
Government, Business, Safety

McConnell Plans Vote on Relief Plan That Pelosi Calls ‘Fraudulent’

Senate Majority Leader Mitch McConnell is hoping to break the logjam on a new stimulus bill. Senate Majority Leader Mitch McConnell is hoping to break the logjam on a new stimulus bill this week. (Stefani Reynolds/Bloomberg News)

Congressional leaders hardened their battle lines on additional fiscal stimulus on Sept. 8, with House Speaker Nancy Pelosi labeling Republican Senate Majority Leader Mitch McConnell’s proposal for a slimmed-down package “fraudulent.”

September 8, 2020
Business, Technology

COVID-19 Pushes Industry to Implement New Accounting, Bookkeeping Methods

Accounting grandriver/Getty Images

COVID-19 has created challenges throughout the trucking industry, but it also has created opportunities, especially when it comes to fleets’ accounting processes.

Mindy Long | Special to Transport Topics
September 8, 2020
Government, Business, Fuel

Oil Sinks With Equities on Wavering Hopes for Demand Pickup

An oil pumping jack operates in Russia. (Andrey Rudakov/Bloomberg News)

Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.

Andres Guerra Luz | Bloomberg News
September 4, 2020
Government, Business, Safety

Unemployment Rate Drops by More Than Expected to 8.4%

The unemployment rate in August fell by more than expected. An employee sanitizes the credit card machine at a store in Oak Park, Mich. (Emily Elconin/Bloomberg News)

The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.

Reade Pickert | Bloomberg News
September 4, 2020
Government, Business, Technology

Tech Rout Sends Stock Market to Biggest Loss Since June

Tech stocks dropped sharply Sept. 3, bringing the rest of the market down with them. (Mark Lennihan/Associated Press)

Wall Street’s euphoria took a break Sept. 3, as steep losses in technology stocks dragged the rest of the market down with them.

Ken Sweet and Damian Troise | Associated Press
September 3, 2020
Government, Business, Logistics

Trucking Surges as Capacity Tightens Amid Continued Pandemic

Shopping A woman shops for plants in Reston, Va. Certain sectors of trucking have been boosted by consumers purchasing items such as home improvement goods. (Andrew Harrer/Bloomberg News)

More than six months into the COVID-19 pandemic the trucking industry’s health is stronger than the U.S. economy, as segments used in final-mile delivery, e-commerce, and deliveries to grocery stores and hospitals thrive.

Dan Ronan | Associate News Editor
September 3, 2020
Business, Logistics

FedEx to Increase Peak Hiring 27% for ‘Unprecedented’ Season

A FedEx delivery truck is unloaded A FedEx delivery truck is unloaded. (Neill Cooper/Bloomberg News)

FedEx Corp. plans to hire about 70,000 seasonal workers to handle the holiday surge of packages, a 27% increase from last year’s peak, in what is expected to be an unprecedented level of delivery demand.

Thomas Black | Bloomberg News
September 3, 2020
Government, Business, Logistics

US Trade Deficit Surges in July to Highest in 12 Years

The trade deficit is now the highest its been in more than a decade. Cranes take containers off a Yang Ming Marine Transport ship at the Port of Tacoma in Washington. (Ted S. Warren/Associated Press)

The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.

Martin Crutsinger | Associated Press
September 3, 2020

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