Federal Reserve Chairman Jerome Powell at the Thomas Laubach Research Conference on May 19. (Andrew Harnik/Associated Press) WASHINGTON — Chair Jerome Powell indicated May 19 that the Federal Reserve likely will forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate ...more
Shopping carts in the parking lot of a Walmart store in Rohnert Park, Calif. (Justin Sullivan/Getty Images via Bloomberg News) Walmart Inc. shares are far outshining those of Target Corp. and other retail peers, as Wall Street anticipates the shopping behemoth’s broad array of household necessities will offer more shelter from slowing economic growth. One ...more
A building exploded in West Virginia on Friday morning when a reversing tractor trailer backed into it. The incident occurred on May 19th at 6 a.m. on Circle Drive in Baxter. According to WDTV 5 News, the truck driver was backing up to dump a load of gravel when they accidentally hit the side of a ...more
A trucker stranded on the side of a highway with a flat tire thoroughly confused a Door Dash driver when they placed an order for delivery. In the Tik Tok video, the delivery driver explains their “weirdest Door Dash ever,” was to a truck driver with a flat tire on the side of an interstate. ...more
A trucker’s dash cam footage shows the moments before a motorist ignored the rules of the road and drove straight into the path of the moving semi truck. The accident happened on Thursday morning, May 18th in Fresno County, California on Highway 33. The dash cam shows the car driving straight through the stop signs, flashing ...more
Seven people are dead after a serious wreck in Oregon involving two tractor trailers and a van. The accident occurred at about 2:05 p.m. on Thursday, May 18th near Albany, Oregon. According to AP News, the crash happened in the northbound lanes of Interstate 5 north of Albany near the Santiam rest area. The incident is ...more
More than 30 TVs were stolen out of the back of a parked semi truck as the driver slept early on Friday morning. It happened at about 1 a.m. on May 19th in the 2700 block of Commerce Way in Northeast Philadelphia, Pennsylvania. According to CBS, the trucker told police he was parked mere feet from ...more
Consumer weakness and inventory overhangs hampered trucking activity in the first quarter, according to one analyst. (.CHUYN/Getty Images) The trucking industry stumbled through the first quarter amid a slowing economy and high inventories, according to experts. “Broadly, numbers had to come down,” Wells Fargo analyst Allison Poliniak-Cusic said. “Things are a bit muted than maybe ...more
AndreyPopov/Getty Images Illinois legislators are fast-tracking a bill adding pain and suffering damages without limits to wrongful death lawsuits in a last-minute move backed by a small group of trial lawyers, despite dozens of business opponents, including truckers. “It is politics in Illinois. It is an end-of-session bill and these are things that pop up ...more
An Ample battery changing station at the company's headquarters in San Francisco. (David Paul Morris/Bloomberg News) More than a decade ago, a high-flying startup called Better Place made a billion-dollar bet that electric car drivers would prefer to swap depleted batteries for fresh ones in minutes rather than charge them for hours. At the time, ...more
