The company that bought the aging Lordstown, Ohio, auto factory from General Motors last year unveiled an electric pickup truck it plans to build at the plant, one of many new electric light-trucks manufacturers plan to start selling over the next two years.
June 25, 2020Search
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House Panel Approves Amendment to Raise Minimum Liability Insurance for Carriers to $2 Million
A measure that would increase from $750,000 to $2 million the minimum liability insurance requirement for commercial motor vehicles was approved by a House panel and included in a recent highway funding bill.
June 25, 2020US May Exports Sink to 11-Year Low as Imports Drop
U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains.
June 25, 2020US Initial Jobless Claims Worse Than Forecast for Second Week
The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases.
June 25, 2020US Regulators Order New Fix for Grounded Boeing Max Planes
U.S. safety officials will require all Boeing 737 Max airliners to be inspected for a manufacturing defect on engine coverings that they say could lead to loss of power during flights.
June 24, 2020China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal
China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus.
June 24, 2020American Air Pilots Want US to Buy Seats for Distancing
American Airlines Group Inc.’s pilots are calling on the U.S. government to pay for enough jetliner seats to enable social distancing during the coronavirus pandemic.
June 24, 2020Americans Are Avoiding Stores Again in New Virus Hot Spots
While evidence of a virus-sparked consumer pullback is largely anecdotal for now, it would be a setback for a U.S. economy that has just started to perk up, with retail sales jumping to a record in May.
June 24, 2020Nuclear Jury Awards Against Truckers on the Rise, ATRI Study Shows
In the past five years there were nearly 300 court cases resulting in jury verdicts over $1 million against trucking fleets, according to a new American Transportation Research Institute analysis made public on June 23.
June 24, 2020IMF Downgrades Outlook for Global Economy in Face of Virus
The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago.
June 24, 2020