Transport Topics
Falcon Transport Faces Employee Lawsuit After Closure
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A Youngstown, Ohio-based trucking company laid off about 550 employees on April 27, only a year and a half after being purchased by a Los Angeles investment firm, and is now facing an employee lawsuit.
Class 8 Orders in April Slow Down Again
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North American Class 8 orders in April fell below 20,000 units for the fourth consecutive month, FTR reported.
Tesla CEO Elon Musk Correctly Called European Slump for April
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Tesla Inc.’s deliveries in key European markets slumped in April after booming the previous month, lending credence to CEO Elon Musk’s prediction for “lumpy” results.
Jobs Top Forecast at 263,000 Gain, but Wages Miss Estimates
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The U.S. economy accelerated its rebound from a recent soft patch as unemployment unexpectedly fell to a fresh 49-year low amid strong hiring and cooler-than-projected wage gains, suggesting the hot labor market can extend its run.
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