WASHINGTON — Last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said July 11.
July 11, 2022Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
US to Urge India, Japan to Back Plan for Cap on Russia Oil Price
U.S. Energy Secretary Jennifer Granholm will use talks with nations including India and Japan to rally support for a new effort aimed at capping prices for Russian oil.
July 11, 2022PennDOT’s Bridge Tolling Plan Dealt Crushing Legal Blows
Pennsylvania’s governor, General Assembly legislators and a judge dealt legal blows to permanently stop the state Department of Transportation’s effort to toll nine bridges to create revenue for repairs.
July 11, 2022Elon Musk Says He’s Terminating Twitter Deal
Tesla CEO Elon Musk said he’s terminating his $44 billion agreement to acquire Twitter Inc. and take it private, triggering a legal fight with the company.
July 8, 2022Rivian Electric Vehicles Attract Eyes in Sun Valley
Apple Inc.’s Tim Cook was spotted in downtown Sun Valley July 7 taking a ride in a Rivian Automotive Inc. battery-electric pickup.
July 8, 2022Volvo Quits Europe Car Lobby Group Over EV Stance
Volvo Cars AB is withdrawing from Europe’s car lobby, the second major automaker to do so in the past month, as the industry fractures over the transition to electric vehicles.
July 8, 2022US Employers Add a Solid 372,000 Jobs
WASHINGTON — America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.
July 8, 2022Walmart Expands Program That Delivers Right to Your Fridge
Walmart can now drop off groceries right into customers’ refrigerators via its In91ÊÓÆµ delivery service in several large metropolitan areas, the retailer announced July 6.
July 7, 2022June Class 8 Orders Hold Their Own Amid Larger Flux
North American Class 8 orders for June came in at 15,500 and pointed to truck makers doing their best to accommodate ongoing strong demand.
July 7, 2022Amazon, N.Y. Port Authority Fail to Reach Newark Airport Deal
Amazon .com Inc. and the Port Authority of New York and New Jersey scrapped plans for a new air cargo facility at Newark Liberty International Airport, a project that local activists had criticized.
July 7, 2022Trending
Newsletter Signup
Subscribe to Transport Topics
