As state and local governments gradually begin loosening stay-at-home orders issued to slow the spread of the novel coronavirus, trucking industry experts are exploring how the industry can best respond to this next phase of the country’s response to t…
With at least $2 billion in cash, and $500 million in credit available, XPO Logistics Chairman and CEO Brad Jacobs says he would consider an acquisition if the company was a good fit.
The average price of a gallon of diesel fuel fell only half a penny nationwide to $2.394 from $2.399 the previous week, according to the Energy Information Administration’s weekly report May 11.
The Labor Department said 88,300 trucking and warehouse positions were lost in April as unemployment nationwide reached 14.7%.
U.S. trucking companies that operate at the nation’s ports are preparing to take a long-simmering financial dispute with overseas ocean carriers to the Federal Maritime Commission.
Tank truck carriers have been among the trucking industry’s hardest-hit segments during the COVID-19 pandemic.
The national average price of diesel fuel continued its steady downward slide, falling 3.8 cents to $2.399 a gallon, according to the Energy Information Administration.
The U.S. economy is likely in the midst of its deepest recession since the end of World War II, when modern records that tracked the nation’s gross domestic product and unemployment rates were standardized.
The U.S. economy contracted by 4.8% on an annualized rate in the first quarter, according to the U.S. Commerce Department, which released the gross domestic product figures April 29.
UPS Inc. on April 28 reported an increase in first-quarter revenue but said the COVID-19 pandemic caused a shift in its business mix that affected its bottom line result.