Coronavirus

Business, Equipment

Deere Surges Most Since 2016 on Surprise Growth in Farm Recovery

Deere & Co. John Deere tractors are displayed during the World Agriculture Expo in California on Feb. 11. Deere & Co. John Deere tractors are displayed during the World Agriculture Expo in California on Feb. 11. (Patrick T. Fallon/Bloomberg News)

Machinery giant Deere & Co. delivered an unexpected increase in earnings and maintained its annual outlook as early signs of stabilization in the U.S. farm sector offset a slowdown in construction. Shares rose the most in three years.

Laura Yin | Bloomberg News
February 21, 2020
Government, Business, Logistics

Veteran CEO Says Global Shipping’s ‘Perfect Storm’ to Pass

A container terminal in Hong Kong on Feb. 20. A container terminal in Hong Kong on Feb. 20. (Paul Yeung/Bloomberg News)

The global shipping industry has run into very rough waters in 2020 as the virus crisis that has engulfed China and roiled commodity markets added to headwinds from a seasonal slowdown and poor weather. One chief executive who oversees a fleet of 55 vessels says there’ll be a comeback.

Krystal Chia | Bloomberg News
February 21, 2020
Business, Logistics

Maersk CEO Soren Skou Predicts ‘Sharp’ Rebound After Coronavirus Peaks

Shipping containers on a Maersk container ship. (Freya Ingrid Morales/Bloomberg News)

A.P. Moller-Maersk A/S, the world’s largest container shipping company, is positioning itself for a strong rebound in two months, based on an expectation that the fallout of the coronavirus on global trade may soon peak.

Christian Wienberg | Bloomberg News
February 20, 2020
Government, Business, Logistics

WTO: Slump in Global Goods Trade to Deepen With Coronavirus

A Maersk container ship sails in Yangshan Deep Water Port in Shanghai, China, in July 2018. A Maersk container ship sails in Yangshan Deep Water Port in Shanghai, China, in July 2018. (Qilai Shen/Bloomberg News)

Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization.

Brendan Murray | Bloomberg News
February 18, 2020
Government, Business, Logistics

Thousands of Frozen Meat Containers Pile Up at Chinese Ports

A container ship sits anchored at the Yantian International Container Terminals in Shenzhen, China. A container ship sits anchored at the Yantian International Container Terminals in Shenzhen, China. (Qilai Shen/Bloomberg News)

Thousands of containers of frozen pork, chicken and beef are piling up at some major Chinese ports as transport disruptions and labor shortages slow operations, people familiar with the matter said.

February 18, 2020
Business, Logistics

GM Works to Shield US Truck Plants From Virus Disruption

The General Motors Co. Flint Assembly plant in Michigan in September 2019. The General Motors Co. Flint Assembly plant in Michigan in September 2019. (Anthony Lanzilote/Bloomberg News)

General Motors Co. is working to maintain the flow of parts to some of its most profitable U.S. plants to keep them from becoming the next factories to be idled due to the coronavirus spreading in China.

David Welch | Bloomberg News
February 14, 2020
Business, Fuel

Oil Rallies for Fourth Day as Virus Fears Show Signs of Easing

Pump jacks in Midland, Texas, in December 2018. Pump jacks in Midland, Texas, in December 2018. (Angus Mordant/Bloomberg News)

Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing.

February 14, 2020
Business, Logistics

Coronavirus Is Wreaking Havoc on Global Mail Delivery

A monitor displays a thermographic image to detect abnormal temperatures in attendees at the Singapore Airshow on Feb. 11. A monitor displays a thermographic image to detect abnormal temperatures in attendees at the Singapore Airshow on Feb. 11. (SeongJoon Cho/Bloomberg News)

In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders.

February 13, 2020
Government, Business, Fuel

Oil Holds Near $50 as OPEC+ Hesitates Despite Surplus

An oil pumping jack near Samara, Russia, in May 2019. An oil pumping jack near Samara, Russia, in May 2019. (Andrey Rudakov/Bloomberg News)

Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up.

February 10, 2020
Business, Safety

Toyota, Honda Extend China Shutdowns as Virus Gathers Pace

Employees work on a Honda auto plant assembly line in Wuhan in November 2019. Employees work on a Honda auto plant assembly line in Wuhan in November 2019. (STR/AFP via Getty Images)

Toyota Motor Corp. and Honda Motor Co. were among carmakers extending shutdowns at their China plants as the country steps up measures to fight the deadly coronavirus.

Chester Dawson | Bloomberg News
February 7, 2020

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