In the past week, several Twitter users have pointed to government data on retail sales of heavy-duty trucks as one reason why a recession is far off. Two examples: You want to know a Leading Indicator I use as a #recession warning? Here is a great one Heavy Weight Trucks sales have predicted every recession…
DETROIT — Lightning eMotors CEO Tim Reeser does not regret going for the easy money from a special purpose acquisition company merger two years ago. But like other transportation SPACs, the converter of small school buses to run on electricity is struggling to hang on. “At the time, we needed a couple hundred million dollars…
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Leaders of the bargaining unit for FedEx pilots have approved a tentative contract first advanced by negotiators on May 30 that includes a 30% pay raise and improved pension benefits, the Air Line Pilots Association said late Monday. No details were provided when the sides announced a preliminary labor agreement two weeks ago, and the…
With diesel futures markets having largely moved in circles the past three weeks, the pace of declines at the retail level is slowing. The benchmark price used for most fuel surcharges declined Monday for the 18th time in 19 weeks. But the decline of 0.3 cents a gallon to $3.794 in the Department of Energy/Energy…