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Article Image News Link • Global by Tyler Durden

Update (11:40 ET): Boeing CEO Dave Calhoun has just released an update on this week's layoffs. He said involuntary layoffs have begun, a total of 6,770 US workers will be cut this week, adding that work reduction programs have already gone into effec

Article Image News Link • Global, Tyler Durden

On Thursday we noted that April orders for class 8 heavy trucks fell a staggering 73% year over year, and 44% from March - the worst order numbers on record as coronavirus shutdowns have put the trucking industry on the cusp of a "freight cliff" acco