Government, Business

World Trade Sees Worst Downturn in Generation

Container ships anchor at the Port of Felixstowe, in Felixstowe, U.K. on March 25. Container ships anchor at the Port of Felixstowe, in Felixstowe, U.K. on March 25. (Chris Ratcliffe/Bloomberg News)

The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to contain the coronavirus pandemic.

Bryce Baschuk | Bloomberg News
March 26, 2020
Government, Business

Senate OKs Historic $2.2 Trillion Coronavirus Rescue Package

Senate approves coronavirus rescue package by 96-0 vote By a 96-0 vote, the Senate approved the $2.2 trillion coronavirus rescue package. (c-span.org)

WASHINGTON — The Senate late March 25 passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic that has killed more than 1,000 Americans. Following the unanimous vote, the bill now moves to the House.

March 26, 2020
Government, Business, Fuel

Oil Market Fears US Running Out of Storage Space

A gas flare burns from a pipe aboard an offshore oil platform in the Permian Gulf's Salman Oil Field in January 2017. A gas flare burns from a pipe aboard an offshore oil platform in the Permian Gulf's Salman Oil Field in January 2017. (Ali Mohammadi/Bloomberg News)

The U.S. oil market is displaying worries that stockpiles are going to run out of storage space, with futures being whipsawed as a growing glut counters economic stimulus measures.

March 25, 2020
Government, Business, Equipment, Safety

CVSA Postpones Roadcheck Due to Coronavirus Crisis

RoadCheck inspection James Dasch (left), a driver for Lucky Dog Industries, speaks with an inspector at the 2019 Roadcheck event. (Eric Miller/Transport Topics)

This year’s International Roadcheck, originally set for May 5-7, has been postponed due to coronavirus concerns.

Eric Miller | Senior Reporter
March 25, 2020
Government, Business

Chinese Plants Ramp Up Again as Rest of World Reels

Employees work on an assembly line at a Dongfeng Honda plant in Wuhan, China, on March 23. Employees work on an assembly line at a Dongfeng Honda plant in Wuhan, China, on March 23. (STR/AFP/Getty Images)

While much of the world’s output is grinding to a halt because of the coronavirus, China is slowly emerging from its shutdowns by restarting production at factories and resuming some flights.

March 25, 2020
Government, Business, Safety

Canada Issues HOS Exemption for Coronavirus Relief

Truck on Canadian highway A truck hauling cargo down a highway in Canmore, Alberta. (Getty Images)

Canadian government officials approved an exemption to allow hours-of-service relief to truck drivers who are engaged in coronavirus-related relief assistance efforts.

Eleanor Lamb | Staff Reporter
March 25, 2020
Government, Business

Trump Points to Potential for Resuming Daily Operations by Easter

U.S. President Donald Trump Donald Trump by Andrew Harrer/Bloomberg News

With Congress seeking to help stabilize the economy by advancing a $2 trillion rescue measure this week, President Donald Trump suggested a significant portion of the country’s operations, such as freight and passenger transportation networks, could resume as early as Easter, which falls on April 12 this year.

Eugene Mulero | Senior Reporter
March 25, 2020
Government, Business

Airline Bailout Combines Loans With Cash-for-Equity Assistance

A Boeing 757-232 aircraft operated by Delta Air Lines taxis past Southwest Airlines planes in Victorville, Calif., on March 23. A Boeing 757-232 aircraft operated by Delta Air Lines taxis past Southwest Airlines planes in Victorville, Calif., on March 23. (Patrick T. Fallon/Bloomberg News)

Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give an option for an ownership stake to the government, direct cash assistance under the coronavirus rescue deal reached by lawmakers and the White House, according to three people familiar with the matter.

March 25, 2020
Government, Business, Fuel

Falling Oil Prices May Stem Demand for Trucks, Experts Warn

oil tank truck Christina Mendenhall/Bloomberg News

The rapid plunge in oil prices could cut into sales of both tractors and liquid tank trailers as well as the trucks that haul fossil fuel extraction equipment, experts said.

Jerry Hirsch | Contributing Writer
March 25, 2020
Business, Logistics, TCA

With Rush Hour Traffic Gone, Truck Drivers Speed Deliveries

(5m3photos/Getty Images) (5m3photos/Getty Images)

Truck drivers have faced a number of hurdles in the wake of the COVID-19 pandemic. But lately, traffic hasn’t been one of them.

Eric Anderson | Times Union (Albany, N.Y.)
March 25, 2020

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