23 Mar Tens of Thousands Are Getting Laid Off in US Shale Patch The spread of the coronavirus coupled with an oil-price war between Russia and Saudi Arabia threatens to devastate the oil services industry and its workers. Read more...
23 Mar Trump Optimistic Economic Stimulus Will Advance While Republicans and Democrats disagree on certain priorities in a $1.8 trillion economic stimulus package, President Donald Trump recently expressed optimism about its chances of advancing through the chambers this week. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
23 Mar Digital Freight-Matching Sector Responds to Coronavirus Outbreak Digital freight-matching companies are taking a proactive approach to confronting the coronavirus as the outbreak worsens. Read more...
23 Mar UPS Takes Steps to Slow Spread of Virus, Reaches Deal on Sick Leave With Teamsters UPS Inc. said it is taking steps to protect its employees from contracting the COVID-19 virus and that it reached an agreement with the International Brotherhood of Teamsters concerning paid-leave guidelines for unionized workers who are affected by it. Read more...
23 Mar Factories Pivot to Fight Coronavirus, But Challenges Abound Factories across industries are trying to answer the call of duty amid a pandemic that has so far claimed more than 15,000 lives and sickened 350,000 people globally. Read more...
23 Mar Postal Service, UPS, FedEx and Amazon Look to Protect Customers, Employees As the coronavirus pandemic spreads across the U.S., more people are relying on the mail and delivery services to provide them food, medicine and household items. Read more...
23 Mar Proterra Appoints Chairman Jack Allen to CEO Post Electric-transit bus manufacturer Proterra appointed current Chairman Jack Allen to CEO as it prepares to extend its technology to other vehicle segments, including last-mile delivery. Read more...
23 Mar American West Announces Acquisition of Innovative Delivery Systems American West Worldwide Express closed the acquisition of furniture delivery-service Innovative Delivery Systems, the company announced March 16. Read more...
23 Mar CVG Reports Q4 Net Loss, Lower Revenue Commercial Vehicle Group Inc., a global supplier of cab-related products and systems, earlier this month reported a fourth-quarter net loss and lower revenue as the commercial vehicle and construction markets contracted, and shortly thereafter announced the appointment of a new leader. Read more...
22 Mar FedEx’s Fred Smith: It’s Unlikely Company Will Need Federal Help FedEx Corp. CEO Fred Smith said during a television appearance that he doesn’t expect his company to seek assistance from the federal government to survive the economic downturn being caused by the spread of COVID-19. Read more...