Afternoon Coffee: Trucking Companies Not Threatened By Amazon, US Allows More Exports to Cuba

Major trucking companies say they are not threatened by Amazon’s latest moves to enter the freight business. Swift Transportation Co., for instance said Amazon’s trailer purchases are having “little or no impact” on its business.

Beginning today, the U.S. will allow more U.S. exports to Cuba and ease restrictions on American financing of exports to Cuba. The Obama administration announced the revised rules for trade with Cuba on Tuesday.

Low oil and gasoline prices are having a negative impact on the electric car industry. Tesla’s Elon Musk said the industry is now under pressure and lower oil prices are dampening interest in electric vehicles.

Noble Energy is among the latest company in the energy industry to announce more cuts to spending amid low oil prices. The Houston-based oil producer slashed its 2016 capital spending program by 50%. Hess Corp., Continental and natural gas pipeline company Williams Cos. also announced spending cuts.

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