Transport Topics
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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.
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North American Class 8 orders in April fell below 20,000 units for the fourth consecutive month, FTR reported.
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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.
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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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