Government, Business, Safety, TCA

Tesla to Slash Workers Showing Up at Fremont Plant By Three-Quarters

The view from outside the Tesla plant in Fremont, Calif., in early 2016. The view from outside the Tesla plant in Fremont, Calif., in early 2016. (LiPo Ching/Bay Area News Group)

Tesla, the Bay Area’s largest manufacturer, has greatly reduced the number of workers coming to its Fremont, Calif., assembly plant, though it’s not clear if the cutbacks put it in full compliance with health orders Alameda County and five other Bay Area counties imposed Monday to stem the spread of the coronavirus.

Chase DiFeliciantonio | San Francisco Chronicle
March 19, 2020
Business, Safety

Automakers Shut North American Plants Outright Over COVID-19 Fears

UAW assemblymen work on a 2018 Ford F-150 in September 2018. UAW assemblymen work on a 2018 Ford F-150 in September 2018. (Carlos Osorio/Associated Press)

Concerns about the spreading coronavirus forced most of North America’s auto plants to close, at least temporarily.

Tom Krisher | Associated Press
March 19, 2020

Cargo Container Availability Under Stress as Virus Goes Global

Gantry cranes stand idle at the Port of Los Angeles on March 8. Gantry cranes stand idle at the Port of Los Angeles on March 8. (Tim Rue/Bloomberg News)

A shipping container shortage that has left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels.

Jen Skerritt | Bloomberg News
March 19, 2020
Government, Business, Safety

Senate Clears Second Coronavirus Emergency Bill

McConnell Sen. Mitch McConnell walks to the chamber as lawmakers negotiate on the emergency coronavirus response legislation. (J. Scott Applewhite/Associated Press)

The Senate on March 18 cleared for President Donald Trump a multibillion-dollar aid package targeting individuals affected by the coronavirus disease, known as COVID-19.

Eugene Mulero | Senior Reporter
March 18, 2020
Government, Business, Safety

FMCSA Issues Expanded HOS Emergency Declaration

Truck on highway Getty Images

The Federal Motor Carrier Safety Administration on March 18 issued an expanded national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency supplies in response to the coronavirus outbreak.

Eric Miller | Senior Reporter
March 18, 2020
Government, Business

Stocks Drop as Recession Fears Take Hold; Dow Loses 1,300

A trader holds his hand to his head after trading was halted at the New York Stock Exchange on March 18. A trader holds his hand to his head after trading was halted at the New York Stock Exchange on March 18. (Mark Lennihan/Associated Press)

After a brutal few weeks, the Dow has now lost nearly all of its gains since President Donald Trump’s inauguration.

March 18, 2020
Government, Business

Multiple Hits to Economy Likely to Trigger Recession, Analysis Shows

stock trader reacts Stock trader Gregory Rowe reacts at the New York Stock Exchange on March 18. (Mark Lennihan/AP)

The U.S. economy amid the COVID-19 crisis is suffering under the weight of multiple factors, including lower consumer spending, falling business investment and global travel bans, according to a report from S&P Global Economics.

Jerry Hirsch | Contributing Writer
March 18, 2020
Business, Fuel

Oil Floating-Storage Trade Is a Go After Crude’s Latest Tumble

Ali Mohammadi/Bloomberg News (Ali Mohammadi/Bloomberg News)

The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 recession when millions of barrels were kept on the world’s oceans.

March 18, 2020
Government, Business, Safety

Treasury Proposes Delivering $500B to Americans Starting April

Senate Majority Leader Mitch McConnell walks back to his office in Washington on March 17. Senate Majority Leader Mitch McConnell walks back to his office in Washington on March 17. (Susan Walsh/Associated Press)

The Treasury Department said March 18 it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.

March 18, 2020
Government, Business, Safety, Logistics

UPS Helping With Coronavirus Testing Sites

UPS CEO David Abney UPS CEO David Abney by Christopher Goodney/Bloomberg News

UPS Inc. is joining a Trump administration effort to bring mobile coronavirus testing to several U.S. cities, the company announced March 16.

Connor D. Wolf | Staff Reporter
March 18, 2020

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