March’s Trucking Conditions Index (TCI) of -8.69 is just the start for industry, according to FTR, which predicts it will lead to the worst quarter on record. ...
"You won't see full flights on Southwest at least through the end of July, and if we do have more demand for that flight, we'll add additional flights to meet demand," Kelly said at its annual shareholders' meeting, which was held virtually. Delta also plans to continue limiting the number of passengers on each flight through at least July, people told Reuters this week. The company currently has $13 billion cash in the bank that will carry it through at least 20 months at current blast rates, Kelly said, and likely many more months than that "because I do think things continue to improve."...
(Bloomberg) -- One-third of U.S. adults delayed getting health care during the pandemic, the Census Bureau estimates. Treasury Secretary Steven Mnuchin signaled a need for more economic stimulus legislation.Major U.S. job losses continued as more than 2 million Americans applied for unemployment benefits last week. Tanzania will follow a “herd immunity” strategy as it reopens in phases.The U.S. is backing AstraZeneca’s vaccine development with $1.2 billion in funding, while CanSino Biologics signed a deal to test and sell a Canadian vaccine candidate. The CEO of Starbucks says the coffee chain is seeing a rebound in sales.Key Developments:Virus Tracker: Cases reached 5 million; deaths exceed 328,000Why a new cluster in China is triggering alarms: QuickTakeTrump’s push to reopen repels some GOP supportersWHO caught in a dangerous place between Trump and ChinaWorld Bank’s new economist draws curtain on globalizationFleeing New Yorkers hunt for million-dollar suburban homesTrump gambles on a resurrection, with lives and...
Schneider has been racking up the honors for its use of artificial intelligence, so we talked to Brian Stuelpner, Schneider vice president of strategy, planning and architecture, to learn more about AI and how the megafleet is using it in its everyday operations. ...
Ottawa-based Shopify, which briefly became Canada's most valuable company earlier this month, had more than 5,000 employees and contractors worldwide as of December. "As of today, Shopify is a digital by default,” Tobi Lutke, who is also the founder of Shopify, said in a tweet. "Office centricity is over.”...
Unlike last month when the price fell below zero, oil prices have seen some signs of life in May.However, now the question is how sustainable this potential recovery is. So we took two biggest oil companies to get a better idea of the overall market.Clash of Titans If we look on a market cap basis, ExxonMobil Corporation (NYSE: XOM) is the biggest oil and gas company in the world whereas Royal Dutch Shell (NYSE: RDS-A)(NYSE: RDS-B) leads the way in revenue. But despite both being massive companies, they are also both massive underperformers as they have both lost about half of their value in the past five years.If we look at dividends, Exxon is a dividend aristocrat as it upped its payout annually for the last 37 straight years. But considering the current climate, Exxon could consider following Shell's late April surprising decision to cut dividends. This is Shell's first dividend...
