Transport Topics
FedEx to Slash 856 Texas Jobs After Customer Moves Business
FedEx plans to cut hundreds of jobs in Texas after a third-party logistics customer opted to move its business to a new location and a different company.View MoreProterra Upbeat on Battery-Electric Demand Prospects
Proterra debuted its upgraded battery pack, the H2-23, in April, specifically targeting it for the Class 8 truck market and other demanding commercial applications.View MoreJobless Claims Drop to Lowest Level Since April
Initial claims decreased by 6,000 to 216,000 in the week ended Nov. 22. The median forecast in a Bloomberg survey of economists called for 225,000 applications.View MoreDeere Forecast Misses Expectations as Farm Slump Deepens
The weak outlook for the maker of iconic green and yellow tractors comes as farmers have been hit hard by low crop prices and President Donald Trump’s tariff policies.View MoreCanada to Tighten Steel Rules, Increase Lumber Aid
Prime Minister Mark Carney’s government will lower the tariff-rate quota level for steel imports from countries with which Canada doesn’t have a trade agreement to 20% from 50%.View MoreTrump Says China Has Agreed to Boost US Farm Purchases
U.S. President Donald Trump said he urged Chinese President Xi Jinping to increase the speed and size of agricultural purchases and said Beijing had “more or less agreed” to do…View MoreTesla Co-Founder Straubel’s Battery Firm Redwood Cuts Dozens
Tesla co-founder JB Straubel’s battery recycling firm, Redwood Materials, cut dozens of jobs as the startup scales back some of its ambitious projects.View MoreUPS, FedEx, Others Face Long-Term Effects of MD-11 Grounding
The grounding of the workhorse freighter plane involved in a deadly crash in Kentucky may drag on for an “undeterminable period,” creating havoc for UPS, FedEx and a Florida-based carrier.View MoreBarak Turovsky, GM's Head of AI, Leaves Automaker
General Motors' chief AI officer is out, marking the loss of another Silicon Valley alum as the company works to bulk up staffing to support tech innovation at the Detroit automaker.View MoreConsumer Confidence in November Slides to Lowest Since April
U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation.View More