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Business, Fuel

Glut of Jet Fuel Is on Brink of Overwhelming Global Storage

Jet refueling Krisztian Bocsi/Bloomberg

The world is close to running out of space to store all the fuel that jets are no longer burning.

March 22, 2020
Government, Business, Logistics

Ports Seek Emergency Aid as Business Plummets

Port of New York-New Jersey Leadership at the Port Authority of New York and New Jersey say cargo volume could fall by 30% compared with last year. (Port of New York and New Jersey via YouTube)

The leadership of the Port Authority of New York and New Jersey is seeking $1.9 billion in federal assistance, joining the growing list of ports asking Washington for aid as the coronavirus wreaks havoc on business at those facilities.

Dan Ronan | Associate News Editor
March 22, 2020
Business, Safety, Top 100

Walmart Plans 150,000 New Hires, Virus Testing Sites

Walmart headquarters Walmart says it is ready to begin virus tests in the Chicago area, primarily for health care workers and first responders. (Wochit News via YouTube)

Walmart Inc. is hiring 150,000 temporary workers and readying its parking lots for coronavirus tests as the world’s largest retailer girds itself to deal with the unprecedented challenges of the fast-spreading outbreak.

Matthew Boyle | Bloomberg News
March 21, 2020
Government, Business

Dow Drops More Than 900 Points, Ending Worst Week Since 2008

A trader reacts on the floor of the New York Stock Exchange on Feb. 26. For the last month, global stocks have cratered. A trader reacts on the floor of the New York Stock Exchange on Feb. 26. Over the course of the last month, global stocks have cratered. (Michael Nagle/Bloomberg News)

Stocks sank to their worst week since the financial crisis of 2008 as traders went into full retreat out of fear that the coronavirus will plunge the U.S. and other major economies into deep recessions.

Alex Veiga | AP Business Writer
March 20, 2020
Government, Business

Transportation Leaders Call on White House for Help in Coronavirus Fight

FedEx and UPS trucks Julio Cortez/AP

The leaders of American Trucking Associations, FedEx Corp., UPS Inc. and the U.S. Postal Service are asking the White House to ensure that measures taken by federal, state and local governments to slow the spread of the coronavirus do not hinder their efforts to deliver needed goods to citizens.

Dan Ronan | Associate News Editor
March 20, 2020
Government, Business

States Suspend Weight Limits for Trucks Involved in Coronavirus Relief

Trucks entering a weigh station Trucks enter a weigh station. About a dozen states have lifted weight restrictions to help with coronavirus pandemic relief. (Getty Images)

Officials in multiple states have lifted restrictions on truck weight limits to allow delivery vehicles involved in emergency relief efforts to accommodate more freight during the coronavirus pandemic.

Eleanor Lamb | Staff Reporter
March 20, 2020
Business, Logistics, TCA

With Drop in Passengers, American Airlines Starts Cargo-Only Flights

An American Airlines Boeing 777-300 sits parked at Hong Kong International Airport in June 2014. An American Airlines Boeing 777-300 sits parked at Hong Kong International Airport in June 2014. (Brent Lewin/Bloomberg News)

To “help keep business moving” during an unprecedented drop in demand because of the COVID-19 pandemic, the Fort Worth, Texas-based airline is sending cargo-only loads to Europe with mail, medical supplies, electronics and e-commerce packages.

Kyle Arnold | The Dallas Morning News
March 20, 2020
Business, Top 50, Top 100

XPO Backs Away From Possible Sale, Spinoffs of Units

XPO XPO Logistics

XPO Logistics Inc. said the current economic environment has compelled it to step back from earlier plans to explore the sale or spinoff of some of its assets.

Roger Gilroy | Senior Reporter
March 20, 2020
Government, Business, Safety, Autonomous

NTSB Blames Drivers, Tesla, Lax Regulations in Florida Crash

A Tesla Model 3 departs after charging at the Tesla Supercharger station in Kettleman City, Calif., in July 2019. A Tesla Model 3 departs after charging at the Tesla Supercharger station in Kettleman City, Calif., in July 2019. (Patrick T. Fallon/Bloomberg News)

The National Transportation Safety Board says two drivers, Tesla and lax regulation of new partially automated driving systems are to blame for a fatal 2019 crash in Florida involving a Tesla on Autopilot.

Tom Krisher | Associated Press
March 20, 2020
Business, TCA

Truckers Haul Supplies While Coronavirus Keeps Many at Home

Truck moving down a highway. (Getty Images)

The truckers who haul toilet paper, hand sanitizer and ground beef to retail shelves across the country have their work cut out for them as stores try to rebound from the panic buying that has characterized the coronavirus crisis.

Mary Fortune | Chattanooga (Tenn.) Times/Free Press
March 20, 2020

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