Government, Business

White House, Senate Strike Deal on $2 Trillion Stimulus Package

U.S. Treasury Secretary Steve Mnuchin (blue tie) and White House Chief of Staff Mark Meadows (red tie) speak to media in the U.S. Capitol on March 24. U.S. Treasury Secretary Steve Mnuchin (blue tie) and White House Chief of Staff Mark Meadows (red tie) speak to media in the U.S. Capitol on March 24. (Sarah Silbiger/Bloomberg News)

The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.

March 25, 2020
Business, Equipment

US Equipment Orders Fell More Than Forecast in February

(Luke MacGregor/Bloomberg News) (Luke MacGregor/Bloomberg News)

U.S. factories received fewer orders for business equipment than forecast in February, just before the coronavirus-related demand shock that will likely lead a massive pullback in corporate investment.

Vince Golle | Bloomberg News
March 25, 2020
Government, Business, Fuel

ATA, Fuel Marketers Seek EPA Waiver of Summer Fuels Requirements

fuel pump Thinkstock

Concerned over potential fuel shortages, American Trucking Associations and several other fuel marketing associations have sent letters to the Environmental Protection Agency seeking a waiver of summer gasoline sale requirements.

Eric Miller | Senior Reporter
March 24, 2020
Government, Business

Dow Has Best Day Since 1933 as Congress Nears Deal

The floor of the New York Stock Exchange is unoccupied on March 24 for the first time in 228 years as a result of COVID-19 concerns. The floor of the New York Stock Exchange is unoccupied for the first time in 228 years on March 24 as a result of COVID-19 concerns. (Kearney Ferguson/NYSE via AP)

The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal March 24 to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.

March 24, 2020
Business, Logistics, TCA

As Great Lakes Shipping Starts, Extra Precautions for COVID-19 Are Taken

A freighter ship arrives at one of the docks at the Port of Duluth-Superior in 2012. A freighter ship arrives at one of the docks at the Port of Duluth-Superior in 2012. (Ariana Lindquist/Bloomberg News)

The season’s first load of iron ore left the Duluth harbor before dawn March 22, carrying with it some extra cargo — caution over the spread of coronavirus.

Brooks Johnson | The Columbian, Vancouver, Wash.
March 24, 2020
Government, Business

Experts Offer Best Practices for Coronavirus Response

Disneyland A locked gate at Disneyland by Patrick T. Fallon/Bloomberg

Transportation and emergency management professionals recently stressed the importance of organization and communication as agencies respond to the coronavirus.

Eleanor Lamb | Staff Reporter
March 24, 2020
Government, Business

Tesla Asked by N.Y. Assemblyman to Make Ventilators in State

Vehicles sit parked outside the Tesla solar panel factory in Buffalo, N.Y., in 2018. Vehicles sit parked outside the Tesla solar panel factory in Buffalo, N.Y., in 2018. (Andrew Harrer/Bloomberg News)

A New York assemblyman has asked Elon Musk to make ventilators at Tesla Inc.’s state-subsidized solar factory, which may be unable to meet hiring goals because of a shutdown order.

March 24, 2020
Government, Business, Safety

$2.2 Trillion Stimulus Plan Aids Small Businesses, Families

Transportation Priorities Speaker of the House Nancy Pelosi at a past press conference. (J. Scott Applewhite/Associated Press)

The $2.2 trillion economic rescue plan advanced by Congress will target aspects of the supply chain and commercial transportation networks that are struggling after the coronavirus pandemic crippled much of the country’s economy.

Eugene Mulero | Senior Reporter
March 24, 2020
Business

GM’s Draw-Down Preserves Dividend, Signals Edge Over Ford

Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich., in 2019. Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich., in 2019. (Jeff Kowalsky/Bloomberg News)

General Motors Co. joined Ford Motor Co. in tapping its credit lines to stock up on cash, but the bigger automaker is signaling superiority over its Detroit rival by leaving its dividend intact for now.

David Welch | Bloomberg News
March 24, 2020
Government, Business

FMCSA Grants Limited Exemptions for Expired CDLs, Medical Cards

Trucks on highway Getty Images

The Federal Motor Carrier Safety Administration on March 24 issued a formal notice that it will not take enforcement action for certain expired commercial driver licenses, learner permits and medical certifications through June 30.

Eric Miller | Senior Reporter
March 24, 2020

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